US retailer claims it has met key environmental targets on cotton, recycled polyester and worker development across its global supply chain
SAN FRANCISCO – Gap Inc., which owns Old Navy, Gap, Banana Republic and Athleta, says it has sourced 100% of its cotton from more sustainable sources and reached 65% recycled polyester across its product lines.
The disclosure comes as Gap navigates a more pressured trading environment. The group’s most recent quarterly results showed net sales up just 1% year on year at $3.5 billion, below market expectations.
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