said Friday that it has launched an online shopping category, Sustainable Style, that will offer merchandise made with sustainably-sourced materials and manufactured in facilities that reach a higher environmental standard. The move is part of the luxury retailer’s commitment to the G7 Fashion pact, a group convened at the G7 Summit that is working to minimize the environmental impact of the fashion industry. Other members include Nike Inc.
Armani, and Kering
which owns Gucci and other luxury labels. Nordstrom has taken other steps to address climate change, including reducing the amount of packaging and shipping materials it uses and helping customers to recycle clothing, shoes and accessories. Nordstrom stock has lost more than 51% over the past year while the S&P 500 index
is up 2.3% for the period.
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