The Three Major Garment Retailers Are Committed To Sustainable Development Of Enterprises.

Three big

Retail brands H&M, Adidas and Marks&Spencer are among the world's largest sustainable development enterprises guide, which is published by the Swiss world economic forum.

Adidas, Marks&Spencer and H&M are listed in third, sixteenth and 75 places. The three garment brands are in line with the assessment criteria for sustainable development of enterprises.

The sustainability index covers all aspects of the economy, environment and business organizations.

The third ranked Adidas ranked eighth in 2014 and seventeenth in 2013.

In 2015, the ranking is still in the latter half of the 100 largest companies. The company ranked seventy-third in 642013rd years in 2014.

In addition, BASF specialties in textile chemicals ranked thirty-fifth in 2013, and is famous in Spain.

Inditex ranked twenty-sixth, but neither of them has been placed in the top 100 list in this (2015) year.

This raises the question of reliability of ranking, because both sides have credentials to enhance their enterprise sustainability since 2013.

"The world's largest sustainable development enterprise guide" is compiled by Corporate Night, a consultancy, through four conditions, namely, perpetual information disclosure, F- scores, product categories and sanction measures.

The 100 companies successfully passed these evaluation indicators, and then decided their ranking according to the key performance score.

Adidas Group CEO Herbert Hainer said that as one of the most sustainable development enterprises in the world, we affirmed our team's admiration in the past few years.

Through this work, we will continue to move towards the sustainable future of the industry. "

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Kate Spade Saturday is a low price sub line brand of Kate Spade. It announces that it will close 19 stores (including 16 direct battalions and 3 cooperative stores), but the brand's e-commerce website will always be maintained.

Despite big promotions last year, sales were still sluggish.

The company's statement shows that "the key factors for the success of Kate Spade Saturday" will be included in the Kate Spade main line, which means that it will no longer operate independently and will merge with Kate Spade New York.

A spokesman for Kate Spade Saturday also said that the label of the brand will not disappear completely, and it is expected that it will still appear in the Kate Spade New York shop and its e-commerce website in the future.

Jack Spade is the menswear brand launched by Kate Spade in 1999, and its 12 Direct stores will also be closed in the first half of 2015.

In addition, Jack Spade will continue to pursue "a new business model, using its retail partners' distribution network to expand its e-commerce platform."

Last week, Kate Spade LLC signed an agreement with GBG Accessories Group to create a series of New accessories for Kate Spade New York, including hats, knitted scarves, leather gloves and belt products.

Mary Beech, chief marketing officer and senior vice president of Kate Spade, said: "we look forward to building a strong partnership with Global Brands group and introducing high-quality and well designed new models to our most popular accessories series."

The series will be delivered in the autumn and will be for luxury department stores, exclusive stores and Kate Spade New York retail stores.

Bruce Rockowitz, chief executive officer and vice president of Global Brands group, said Kate Spade "is an excellent addition to our brand portfolio."

He added that the deal is in line with their cooperation strategy with the US brand, making use of their retailers' relationship and global distribution capabilities.

On the other hand, at the Chinese level, the company will acquire 60% stake in the Sino Korean joint venture company in Hongkong for 36 million US dollars, and the investment company of China's Crawford group, a subsidiary of Hongkong's Crawford group, will invest 21 million US dollars into Kate China Limited, accounting for 50% of the shares.

Kate Spade's CEO Craig A. Leavitt says it will focus on two aspects of growth, one is the expansion of the region, the other is the extension of the product category.