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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Oct- 2023 -24 OctoberAdvice
How to sustainably source in retail
Define your sustainability goals Before diving into sustainable sourcing, it’s essential to define your sustainability goals. Decide what aspects of your business you want to make more sustainable, and why. This might include reducing carbon emissions, minimising waste, or sourcing ethical and environmentally friendly products. Assess your current supply chain…
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11 OctoberAdvice
A retailer’s guide to navigating global supply chain challenges
In today’s interconnected world, retailers face an array of challenges when it comes to managing their global supply chains. From disruptions caused by natural disasters to geopolitical tensions and unforeseen global events like the COVID-19 pandemic, the ability to adapt and navigate these issues is crucial for business sustainability. Diversify…
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10 OctoberOnline & Digital
Shein appoints investor as group vice chair
Fast fashion brand Shein has announced the appointment of investor Marcelo Claure as its new group vice chairman. Claure, who until recently served as CEO of SoftBank Group International, joined Shein in January 2023 as chairman of Shein Latin America. In that time, he has overseen the launch of Shein…
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6 OctoberClothing & Shoes
Frasers ups stake in Boohoo to 13.4%
Mike Ashley’s Frasers Group has upped its stake in Boohoo to 13.4% as it continues investing in a number of UK fashion retailers. Frasers has upped its stake of 10% which it held at the start of the week. This means it now holds 170,426,000 voting rights in the company.…
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5 OctoberNews
Today’s news in brief-05/10/23
Asda, post its separation from Walmart, has entered a multi-year partnership with Tata Consultancy Services (TCS) to revamp its IT operations. TCS will implement cloud-based ERP platforms to streamline various processes including supply chain forecasting, buying, and merchandising. This move aims to enhance customer experience, innovation capabilities, and maintain market…
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5 OctoberSupermarkets
Asda signs TCS deal to overhaul IT operating model
Asda has signed a multi-year partnership with Tata Consultancy Services (TCS) to support its digital transformation and implement a new organisation-wide IT operating model. The move follows its separation from former owner Walmart, with TCS noting its cloud, AI, and security solutions will now help ASDA deliver the divestiture “smoothly,…
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3 OctoberSupermarkets
Shop price inflation reaches lowest point in a year
Shop price annual inflation dropped to 6.2% in September, down from 6.9% in August, reaching its lowest point since September 2022, according to data from the British Retail Consortium (BRC). The BRC has put this decrease down to competition between retailers causing prices to drop. Non-food inflation eased to 4.4%…
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3 OctoberClothing & Shoes
Boohoo revenues tumble 17% amid weaker than expected demand
Boohoo has seen revenues plunge by 17% to £729.1m in the first half of the year, after a slower than expected recovery in its sales by volume. Over the period, UK revenues were down by 19% while International sales fell by 15%, as the number of orders fell by 18%…
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Sep- 2023 -22 SeptemberNews
Today’s news in brief-22/09/23
The Co-operative Group (Co-op) has reported £43m in underlying profits for the first half of the year, a notable improvement from the £1m loss in the prior year. This surge is attributed to efficient cost-saving measures, including annualised savings of £101m from 2022, along with further H1 2023 savings. Operational…
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22 SeptemberSupermarkets
Co-op underlying profits jump to £43m in H1
The Co-op has posted underlying profits of £43m during the first half of the year, up from a £1m loss the prior year, as its cost-saving efforts proved fruitful. The retailer said the improvement was driven by annualisation of £101m cost savings achieved in 2022 and further cost savings in…
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