Nike Inc. announced on Monday it has signed the UN Fashion Industry Charter for Climate Action, committing to a 30 percent reduction in aggregate greenhouse gas emissions by 2030 and net-zero emissions by 2050.
Inditex is another of the big winners in global fashion retail and while its sales and profits increases may not always match analysts’ lofty expectations, it's a consistent performer as it continues to expand globally.
The Texas-based department store retailer announced on Monday that it has appointed Victor Ejarque Lopez as senior vice president and general merchandising manager for women’s apparel, effective June 10.
Inditex executive chairman Pablo Isla has nominated Carlos Crespo for the role of CEO of the group. The appointment will be effective in July further to the approval of the board at the annual general meeting.
The Spanish group launched its online operations in 2010, when integrated its digital business with its stores. Its short lead times are a key part of the group’s strategy, helping it avoid taking big risks.
The North Carolina-based lifestyle group announced on Thursday that it has become a signatory of the Fashion Industry Charter for Climate Change, reinforcing its commitment to climate advocacy and sustainability.