Abstract
Clothing manufacturers in Bangladesh are known around the world for their low prices. As a destination for clothing sourcing from foreign retailers, it offers low labor costs and a large pool of human resources. This makes Dhaka a sourcing hub for global apparel buyers and retailers. Major clothing retailers in top urban destinations across the Western Hemisphere exclusively display these products in front of their customers.In an effort to develop a theoretical framework to explain Bangladesh's retail industry, three main theories can be outlined. Essentially, these theories propose that as a result of external forces (such as environment or conflict), a retail institution will develop into another type or a new type will develop because of a need, conflict, or other factors. When explaining the international expansion of Bangladeshi retailers, we intended to look at three specific theoretical frameworksie; Environmental theory, Cyclical theory and Conflict theory. The article has gone through available literatures to establish relationships between there interrelated theories and justify their selection to explain the evolution and expansion of retail industry in Bangladesh.
Highlights
Several retail fashions brands source their products from Bangladesh, including Zara, Adidas, Wal-Mart, H&M, Tesco, M&S, JC Penny, IKEA, LI & Fung, and Uniqlo Ahmed (2010)
In light of previous research on retail evolution, this study aims to determine the reasons for change or evolution for various types of retail institutions even though ”none of the retail evolution theories have succeeded in providing such knowledge” Brown (1987)
There has been a lot of research done on the development of retail evolution theories mainly related to FMCG, convenience products, and general retail product categories
Summary
Several retail fashions brands source their products from Bangladesh, including Zara, Adidas, Wal-Mart, H&M, Tesco, M&S, JC Penny, IKEA, LI & Fung, and Uniqlo Ahmed (2010). North America and Europe are the two main markets for this country’s products. Exports to the United States total 46%, to Canada 14%, and European markets the remaining Islam (2015). Australia, Japan, China, and Latin America have become signi icant markets for sourcing as well. Exports from Bangladesh mostly consist of basic clothing items like shirts, T-shirts, underwear, trousers, and sweaters. There are two broad categories of readymade garments export from Bangladesh: woven and knit. While T-shirts, polo shirts, sweaters, socks, underwear, and stockings
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