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Executive chairman Pablo Isla introduced a range of new targets and highlighted ongoing improvements in sales trends at the fast-fashion retailer’s AGM Tuesday.
In their 2021 sustainability report, they outline steps to reducing water usage in jeans by 99%, reducing single-use plastic and educating cotton farmers agricultural chemicals. [19] In 2020, Uniqlo's in Japan increased their use of LED lights leading to a 38.7% decrease of greenhouse gas emissions. [ 19 ]
Inditex created Lefties in 1993; the name is taken from the term leftovers and it was created to sell old Zara clothing. [21] In 1995, Inditex purchased the remaining Massimo Dutti shares and began expanding the brand to include a women's line. [22] In 1998, Inditex launched the Bershka brand that was aimed at urban hip fashion. [23]
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The FTSE4Good Index Series is a series of ethical investment stock market indices launched in 2001 by the FTSE Group [1] which reports on the performance of companies which demonstrate "strong Environmental, Social and Governance practices". [2]
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It is part of the Spanish Inditex group (which also owns brands such as Zara, Massimo Dutti, Pull&Bear, Oysho, Uterqüe, Stradivarius and Zara Home). [2] The company was created in April 1998 as a new store and 'fast-fashion' concept, aimed at a young target market. As of January 2022, Bershka has over 852 stores in 74 countries.
LONDON — Inditex is supersizing its business as sales gather momentum post-Omicron, and consumer confidence returns despite rising retail prices. The Spanish fast-fashion giant, parent of brands ...