Nike Accused of Greenwashing in New Lawsuit (mediapost.com)

A Nike customer is accusing the brand of greenwashing. In a complaint filed May 10 at the U.S. District Court for the Eastern District of Missouri, plaintiff Maria Guadalupe Ellis claimed that Nike uses “deceptive and misleading” statements when marketing its sustainability collection. Specifically, the suit claims that Nike “deceives consumers into believing that they’re receiving products that are sustainable, made with recycled fibers,” and can reduce carbon one’s footprint in a move to “zero carbon and zero waste.”

“[The plaintiff] would not have purchased the products if she had known that they were not sustainable, not made from sustainable materials and not environmentally friendly,” the suit read.

Ellis, who is asking the lawsuit to be certified as a federal and state class action, also said that of the 2,452 products Nike lists in its sustainability collection, “only 239 products are actually made with any recycled materials.”
more at: https://www.mytotalretail.com/article/nike-accused-of-greenwashing-in-new-lawsuit/

Related Posts

URBN Reports Record Q3 Sales

Urban Outfitters, Inc. announced net income of $45 million and $107 million for the three and nine months ended October 31, 2017, respectively. Earnings per diluted share were $0.41 and $0.94 for the three and nine months ended October 31, 2017, respectively. Total Company net sales for the third quarter of fiscal 2018 increased 3.5% over the same quarter last year to a record $893 million. Comparable Retail segment net sales, which include the comparable direct-to-consumer channel, increased 1%. Excluding the estimated impact of the North American hurricanes in the quarter, comparable Retail segment net sales increased 2%, and by brand, comparable Retail segment net sales increased 5% at Free People, 2% at the Anthropologie Group and 1% at Urban Outfitters. Comparable Retail segment sales were driven by strong, double-digit growth in the direct-to-consumer channel, partially offset by negative retail store sales. Wholesale segment net sales increased 8.7%. Click Read More below for additional information.

‘Ascending,’ Magazine For Women, Debuts In Print

Ascending magazine, a periodical designed to inspire and guide women throughout their professional careers, is about to launch its inaugural Fall/Winter 2024 print edition. Each issue will provide essays, stories, advice and interviews in a bid to challenge the norms of the digital landscape. The debut edition is now available as a single issue or as part of an annual subscription.

S&P Global Completes Sale of Fincentric

S&P Global (NYSE: SPGI) today announced that it has completed the sale of its Fincentric business to Stellex Capital Management, a global private equity firm. The transaction does not have material impact to S&P Global and the financial terms of the transaction were not disclosed. The transaction will include local closings in certain jurisdictions, which are expected to occur during the balance of 2024 and into the first half of 2025. Fincentric, formerly known as Markit Digital, became part of S&P Global following the company's merger with IHS Markit in 2022. The transaction follows the announced intent in February 2024 to explore strategic options for the business.
Back To Top
×Close search
Search