Macy's to sell more Black-owned products, signs '15 Percent Pledge' - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Macy's will commit at least 15% of its shelf space to Black-owned businesses, it announced on Wednesday.

It is signing the "15 Percent Pledge," already adopted by retailers including Sephora, Vogue, and Rent the Runway. Macy's also unveiled other diversity measures, such as Black designer collaborations within its private labels.Visit Business Insider's homepage for more storiesMacy's will devote 15% of its shelf space to Black-owned brands, it announced in a presentation to investors on Wednesday.," a grassroots project that lobbies major retailers in the US, it said.

The pledge would complement its existing "Workshop" project, a training scheme to educate women- and minority-owned brands on how to grow their businesses, it said. So far,The retailer also unveiled a range of other diversity and inclusion measures for the coming year. In November, it would publish its supplier diversity spend, it said, which shows how much it spends on goods from businesses owned by LGBTQ+ people, women, people from ethnic minorities, and veterans.

It would also feature Black designer collaborations within its private labels, and would publish annual diversity and inclusion goals in the spring, which it hoped would "drive transparency and accountability" in the retail industry, it said.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

Racism at its best. Why do company's have to dedicate to specific racial groups?

Just 15% ? Why not give all brands the same shelf space and base judgement on the product and not who owns the brand / colour of their skin.

Please label the black owned brands so I can make sure not to buy them

'black-owned'? is it legal to discriminate based on race racism

This could potentially save Macys, good job guys!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Macy's same-day, next-day delivery available with DoorDash - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Macy's becomes Klarna investor, launches five-year payment partnership - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Black MPs on the 'white male club' of British politics and Black Lives Matter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Daniella Pierson turned Newsette into a 500,000-subscriber product - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

House antitrust report: AWS makes 'knock-offs' of open source products - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »