Nordstrom just made a commitment to Black-owned businesses.

The store has become the first major retailer to commit to a 10-year agreement with the 15 Percent Pledge, a nonprofit that holds large corporations accountable for supporting Black-owned brands. "Long-term societal change cannot happen overnight and we're in this for the long haul," said president and chief brand officer Peter Nordstrom in a statement.

Nordstrom -- which joins other retailers including Macy's, Old Navy and Sephora in the commitment to 15 Percent Pledge's mission -- announced it would increase its purchases and partnerships with Black-owned or founded retailers tenfold by the end of 2030. "Nordstrom has established new goals and benchmarks to help it become a more diverse, inclusive and anti-racist organization, and has made strides towards these goals through notable product launches and curations," 15 Percent Pledge said in a statement.

What is the 15 Percent Pledge?

Created in 2020 by Aurora James, the 15 Percent Pledge is a nonprofit organization that aims to get retailers to commit 15% of their shelf space to products from Black-owned businesses.

According to 15percentpledge.org: "Over 13% of people living in the United States identify as Black and another estimated 2% identify as mixed race, totaling 15%." What started out as an Instagram post now has nearly 30 major retailers across three countries addressing racial inequities in retail.

Nordstrom's announcement comes as the company highlights Black-owned brands on its site. Scroll down to see some of the Black-owned or founded brands that are trailblazing in the fashion industry.

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Bernard James

Bernard James creates exquisite handcrafted jewelry. His goal is to create wearable but aesthetically strong objects that tell a story and convey emotion.

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Flora Petunia 14K Gold Earrings

Price: $490.00   From: Nordstrom

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Jim Outline Sterling Silver Signet Ring

Price: $350.00   From: Nordstrom

Phenomenal

Meena Harris created this fashion line for whenever women just need a boost; a feeling of strength and power; or a reminder to keep going.

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Woman Graphic Tee

Price: $35   From: Nordstrom

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Ambitious Cotton Blend Sweatshirt

price: $29.50 50% SavingsNordstrom

Original: $59.99

Rebecca Allen

Rebecca Allen's mission is to treat customers with timelessly sophisticated shoes that fit well and feel great.

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The New Pump by Rebecca Allen

Price: $165.00   From: Nordstrom

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The Two Strap Sandal by Rebecca Allen

Price: $178.00   From: Nordstrom

Good Man Brand and Human Nation

Russell and Ciara Wilson's brand stands for how they do good in the business of fashion by doing good in the world.

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Hi Vee Slim Fit T-Shirt

price: $35.90 38% SavingsNordstrom

Original: $58.00

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Gender Inclusive Love Graphic Tee

Price: $42.00   From: Nordstrom

SPGBK

Kwame Molden and Maurice Davis grew up together and they share the values and the vision that led to the bold and bright watch brand SPGBK.

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The Scarlet Apple Watch® Strap, 38mm/40mm

price: $24.90 37% SavingsNordstrom

Original: $39.99

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Celebration Leather Strap Watch, 44mm

Price: $79.99   From: Nordstrom