DISCUSSION
Are Macy’s plans sustainable?
Written by RetailWire Staff
Source: Macy’s - “2020 Sustainability Report”
Macy’s is the latest apparel retailer to boost its focus on sustainability as customers continue to expect a greater environmental commitment from the fashion industry.
The chain has released a long list of medium-term sustainability goals in its “2020 Sustainability Report” including:
- Reduction of energy consumption by 10 percent from where it stood in 2018 (by 2025);
- Reduction of water use for the manufacture of private label brands 25 percent from the amount used in 2019 (by 2025);
- The introduction of lists of substances restricted from being used in private label brands (one for apparel, footwear and home textile in 2023 and one for non-apparel in 2024).
- Making 40 percent of private label apparel brands from sustainable fibers by 2025.
- Disclosure of all ingredients in beauty, baby care, personal care and home cleaning products sold on the Macy’s website by 2025.
- Adding sustainable products to macys.com and focusing on initiatives to lengthen the lifespan of products.
- 2020 Sustainability Report – Macy’s, Inc.
- Macy’s Elevates Sustainability and D&I Goals – Yahoo! Finance
- The Impact of Fast Fashion On the Environment – Princeton
- Macy’s shares soar as earnings trounce estimates, retailer says it’s gaining new customers online – CNBC
- Why has Shein become a breakout hit with America’s teens? – RetaiWire
