Sustainability
This coverage examines sustainability initiatives and challenges within the UK retail sector. Reporting highlights environmental strategies, supply chain improvements, energy efficiency, packaging innovation, and leadership commitments aimed at reducing impact and meeting regulatory expectations. Tailored for executives and managers, it provides insights to support sustainable decision-making and long-term planning.
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Oct- 2024 -7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberClothing & Shoes
Footasylum secures £35m funding package for expansion
Footasylum is set to accelerate its growth plans across the UK and beyond after securing a £35m revolving credit facility (RCF) from HSBC UK. Footasylum was acquired by Aurelius, a global alternative investor, in August 2022. Since then, the company has embarked on a strategic store opening and upsizing programme,…
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4 OctoberNews
Co-op to install solar panels on 700 sites
Co-op has announced its ambitions to install solar panels on a target of up to 700 sites across its food, funeralcare and logistic portfolio across the UK over the next three years. As part of its journey to increase the amount of renewable power that it directly procures, Co-op is…
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Sep- 2024 -30 SeptemberNews
Today’s news in brief-30/9/24
Boohoo is reportedly considering a break-up of its business, following pressure from shareholders to revive the company’s declining fortunes. Boohoo’s share price has dropped by over 85% in the last five years, and the company has faced widening losses. The board is said to be contemplating spinning off its core…
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30 SeptemberHealth & Beauty
Lookfantastic unveils first permanent store in Greater Manchester
THG-owned beauty retailer Lookfantastic has opened its first ever concept store in Greater Manchester. The new store features over 90 beauty brands, including exclusives such as Dermatologist-founded brand, Dr Loretta, democratised expertise, and access to expert advice from industry insiders and multi-brand specialists, in-store beauty experts, including dedicated skin health…
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27 SeptemberSupermarkets
Tesco expands partnership with The Trade Desk
Tesco has extended its partnership with The Trade Desk to give advertisers direct access to its Clubcard data. The extended partnership means brands can plan and execute their campaigns without solely relying on third-party cookies for the first time. Marketers can now optimise across channels on the open internet from…
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24 SeptemberProperty
Portman and Derwent to deliver 28,500 sq ft retail space in Marylebone
The Portman Estate and Derwent London have unveiled plans for the launch of Loxton Walk, a new retail and leisure destination in the heart of Marylebone. Launching in 2025, Loxton Walk will deliver 28,500 sq ft of new retail and leisure space across 17 ground floor units, accessible via four…
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23 SeptemberNews
Today’s news in brief-23/9/24
Frasers Group is facing audit issues with two brands, I Saw It First and Choice, revealing significant payroll data discrepancies. Auditors struggled to verify £7m in payments for I Saw It First due to lost data during system transitions. Similarly, Hart Shaw encountered missing crucial information for Choice. These revelations…
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17 SeptemberFeatures
How retailers can profit from recycling and reuse models
In the past few years, the concept of sustainability has evolved from a buzzword to an essential pillar for businesses, particularly within the retail sector. This change in perspective is largely driven by increased environmental awareness among consumers, stricter government regulations, and the mounting pressure on retailers to act responsibly. …
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17 SeptemberSponsored Articles
Problems with pre-retail logistics proving costly for suppliers
New research from retail logistics company Advanced Supply Chain (ASC) found that 51% of manufacturers and brands supplying products to retailers have incurred financial penalties for non-compliance with supplier manuals. A third (34%) had incurred penalties in the past 12 months, with an average penalty of £1,658. 10% saw penalties…
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