Neiman Marcus Group announces new expanded partnerships to support increased focus on sustainable products and services
DALLAS, November 2, 2021 / PRNewswire / – Today, Neiman Marcus Group (âNMGâ or the âCompanyâ) announces new and expanded partnerships with Textile Exchange, Give Back Box and FASHIONPHILE to support its commitment to deliver sustainable products and services as part of of its future 2025 environmental, social and governance (ESG) strategy.
âNow more than ever, environmental sustainability is a priority for the fashion and retail industries. NMG is taking action and driving change while continuing to revolutionize the ultimate luxury experience,â said Geoffroy van Raemdonck, CEO, Neiman Marcus Group. âAs our team strives to finalize the ESG strategy planned for 2025, the company looks forward to helping build a better future for our industry with the help of exceptional partners such as Give Back Box, Textile Exchange and FASHIONPHILE. “
NMG recently became a member of Textile Exchange, a non-profit organization that develops and promotes industry standards for preferred fibers. The organization promotes the adoption of sustainable materials throughout the global fashion and textile industry to reduce CO2 emissions from the production of fibers and textile materials by 45% by 2030. The company chose Textile Exchange to provide the key to a Sustainable Products workflow as part of NMG’s ESG 2025 strategy. – providing leading information and training to NMG’s merchants and partner brands as the company seeks to increase revenue through sustainable and ethical products over time. Neiman Marcus Group is the first North American luxury retailer to join Textile Exchange alongside major brands of groups such as LVMH, Kering, etc. Neiman Marcus Group to speak at Textile Exchange’s annual conference on November 18 alongside panelists from VF Corporation and Elevate Global to kick off this journey.
Claire Bergkamp, COO of Textile Exchange, said: âWe are delighted that the Neiman Marcus Group has joined Textile Exchange as a partner level member. NMG is synonymous with luxury goods and has the power to change its directly controlled products and influence on one. Leaders like NMG need to commit to scaling preferred fibers and materials to drive change. industry-wide that we need.
NMG is also partnering with Give Back Box to expand its range of sustainable services and support the circular economy. Give Back Box gives power Neiman Marcus customers to extend the life of the looks they love by giving them to someone in need – helping someone and reducing fashion’s environmental footprint at the same time.
To participate, customers can reuse the box from their Neiman Marcus the order has arrived; fill it with lightly worn clothes, accessories and shoes that they would like to donate; print their free and prepaid shipping label at GiveBackBox.com; seal their box; attach the shipping label; and schedule a pickup or drop-off from the box at any UPS, USPS, or FedEx location. Give Back Box will direct customer donations to local charities and provide the Neiman Marcus Group with real-time impact reports on recycled cardboard and clothing books. NMG announces the partnership via a client letter in more than 50,000 Neiman Marcus online shipments ordered during the brand’s âGive Bigâ holiday campaign. For more information on the program with Give Back Box, visit https://www.neimanmarcus.com/editorial/services/give-back-box.
Monika Wiela, CEO and Founder of Give Back Box says: âWe are very happy and proud to launch a program with Neiman Marcus. We believe the impact we create together will extend far beyond the clothing lifecycle, and we look forward to making an impact and inspiring people to help others and do good this holiday season. “
Supporting its investment in sustainable services, NMG became the first luxury retailer to invest in long-term resale by acquiring a minority stake in FASHIONPHILE, one of the world’s leading resellers of pre-owned luxury handbags and accessories. . In 2019, NMG partnered with FASHIONPHILE to roll out an integrated circularity program that transformed the resale landscape and accelerated the luxury life cycle to unprecedented speed in today’s world.
Since its creation, the partnership has seen the opening of six FASHIONPHILE stores within Neiman Marcus stores (Palo Alto, San Francisco, Beverly hills, Fashion Island, NorthPark Dallas, Scottsdale), extending the life cycle of more than 39,000 items. Neiman Marcus and FASHIONPHILE now publish Neiman Marcus gift cards as an optional means of payment to all customers who sell their luxury products to FASHIONPHILE. Customers who choose to be paid in Neiman Marcus Gift cards can also enjoy an additional 10% bonus on the value of the gift card.
FASHIONPHILE Selling Studios will open in nine more Neiman Marcus stores over the next nine months to continue to present customers with a new sustainable purchasing path. These locations include Boca Raton, King of Prussia, Atlanta, and Austin opening this fall, followed by San Antonio, Las Vegas, Topanga, Troy and Northbrook will open next spring.
About the Neiman Marcus Group, LLC
Neiman Marcus Group is a relationship company that lovingly leads everything we do for our clients, associates, brand partners and communities. Our heritage of innovation and our culture of belonging guide our roadmap to revolutionize luxury experiences. As one of the largest multi-brand luxury retailers in the United States, with the world’s most sought-after partner brands, we deliver exceptional products and smart services, made possible by our investments in data and technology. Thanks to the expertise of our more than 9,000 associates, we offer and tailor a personalized luxury experience across our three channels of in-store, e-commerce and distance selling. Our NMG | Way culture, fueled by our people, combines individual talents into a collective force to make life extraordinary. Our brands include Neiman Marcus, Bergdorf Goodman, Neiman Marcus last call, and Horchow. For more information, visit www.neimanmarcusgroup.com.
About Give Back Box
Give Back BoxÂ® partners with retailers like Neiman Marcus, Nordstrom and Rent The Runway to provide a convenient method for customers to donate household items. Give Back Box not only provides an easy way to help people, it gives corrugated boxes secondary use and ensures they will be recycled. Since 2012, it has shipped and recycled over ONE million boxes and diverted over 19 million items of clothing, or 13 million pounds, from landfills and given them a second life.
On Textile exchange
Textile Exchange is a global, non-profit organization that creates industry leaders in preferred fibers and materials. We develop, manage and promote a suite of leading industry standards, as well as collect and publish critical industry data and information that enables brands and retailers to measure, manage and track their use of fibers and materials. favorite. With a strong workforce representing major brands, retailers and suppliers, Textile Exchange is positively impacting the climate by accelerating the use of preferred fibers in the global textile industry. To learn more about Textile Exchange, visit TextileExchange.org. Follow us on Twitter and Instagram @TextileExchange.
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SOURCE Neiman Marcus Group