Supply Chain
This coverage examines supply chain strategy and performance within the UK retail industry. Reporting highlights logistics innovation, inventory management, sourcing practices, supplier relations, technology adoption, and responses to disruption. Focused on efficiency, resilience, and commercial impact, it provides insights for retail executives and managers optimising operations and ensuring continuity.
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Mar- 2024 -1 MarchFeatures
Top security measures to combat shoplifting
Retailers have recently reported that they are increasingly dealing with a problem of shoplifting in addition to the rising cost of living issues and inflation. Police recorded 342,343 shoplifting offences in England and Wales in 2022/23, up 24% on the previous 12 months. Additionally, according to Co-op’s newly published data,…
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1 MarchSupermarkets
Sainsbury’s to axe 1,500 roles amid cost-cutting programme
Sainsbury’s has announced that it will reduce the number of roles across the business by approximately 1,500 as part of its ‘Save and Invest to Win’ programme. The news comes as the supermarket has outlined proposals that aim to adapt the business’ strategy earlier in February. According to the proposals,…
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Feb- 2024 -28 FebruaryNews
Today’s news in brief-28/2/24
Shein is reportedly contemplating shifting its Initial Public Offering (IPO) from New York to London amidst anticipated regulatory hurdles in the US due to its Chinese affiliations. The move would mark one of London’s largest IPOs ever. Chancellor Jeremy Hunt has engaged in talks with Shein’s chairman, Donald Tang, urging…
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28 FebruaryClothing & Shoes
N Brown receives SBT approval
N Brown Group has announced that its near-term science-based targets to reduce greenhouse gas (GHG) emissions have been approved by the Science Based Targets initiative (‘SBTi’). By 2030, the group has committed to reduce scope 1, 2 and 3 GHG emissions from its operations by 46% from a 2021 base…
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28 FebruaryEconomy
68% of SMEs feel more positive about business growth, survey finds
Some 68% of small and medium-sized enterprises (SMEs) are feeling more positive about their business growth opportunities when compared to last year, according to Alibaba.com’s B2B Sentiment Survey. According to the survey, which had more than 500 SMEs participate across the country, found that of this 68%, 19% described their…
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21 FebruaryDepartment Stores
Angling Direct sees group revenues rise to £81.7m
Fishing tackle retailer Angling Direct has reported a 10.2% increase in revenue to £81.7m for the year ended 31 January 2024, despite facing a “challenging” consumer landscape and disruption to fishing caused by storms in the final few weeks of FY24. The group’s UK store sales were up 7.6% to…
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15 FebruaryNews
VF Corporation appoints new board director
VF Corporation has announced the appointment of Caroline Brown to the company’s board of directors, effective from 14 February. Brown is an accomplished executive, director, investor and advisor with more than 30 years of experience at global companies in the apparel and fashion sector. From 2019 to 2023, she was…
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13 FebruaryFeatures
Top retail tech trends in 2024
As 2024 unfolds, the retail industry is facing a spectrum of formidable challenges: a myriad of technologies, the complexities of omnichannel retailing, and the imperative of sustainability are all reshaping the landscape. Retailers are now focusing beyond just identifying trends; they are committed to providing analytics that demonstrate the tangible…
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13 FebruaryPeople Moves
Matalan appoints new CFO
Matalan has announced the appointment of Dave Williams to the initial role of chief financial officer designate, which will graduate to the full CFO role and a position on the retailer’s board. The announcement comes as the latest CFO Stephen Hill has decided to “step down and pursue his next…
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1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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