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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Sep- 2024 -17 SeptemberHigh Street
Søstrene Grene hails ‘most successful financial year on record’
Søstrene Grene said it is celebrating its “most successful financial year on record” as its profit-before-tax increased 15% to £24m, during the year ending 30 April 2024. The news comes as Søstrene Grene reported a 22% increase in turnover, from £203m to £247m, alongside gross profits improving from £76m to…
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12 SeptemberAdvice
How to enhance personalisation by optimising product feeds for trends
Today, fashion retailers face a rapidly changing landscape characterised by rising labour and material costs, persistent shipping delays, and shifting consumer expectations. As consumers increasingly seek ethical and sustainable products while balancing tighter budgets, optimising product feeds for timely and relevant recommendations becomes crucial. Rising costs in daily essentials may…
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12 SeptemberClothing & Shoes
NN.07 opens standalone store in Covent Garden
NN.07, the sustainable menswear brand, has opened its debut UK standalone store in Covent Garden’s Seven Dials as Gandys and Batch London are also set to join the destination. NN.07, short for ‘No Nationality’, has launched its first standalone UK store in the heart of Covent Garden’s Seven Dials at…
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11 SeptemberClothing & Shoes
Inditex H1 sales rise by 7.2% to €18bn amid ‘well received’ collections
Zara-owner Inditex has reported a 7.2% year-on-year rise in revenues to €18.1bn (£15.3bn) for the first half of 2024, with profit before tax rising 10.6% to €3.6bn (£3.04bn). The group has also revealed that net income rose by 10.1% to €2.8bn (£2.36bn), while gross profits rose by 7.5% to €10.5bn…
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6 SeptemberNews
Today’s news in brief-6/9/24
Burberry, a fixture in the FTSE 100 for the past 15 years, has been demoted to the FTSE 250 following a steep decline in its share price, which has plummeted by around 50% over the last six months. The luxury fashion house has been hit hard by a slowdown in…
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4 SeptemberNews
Today’s news in brief-4/9/24
John Lewis Partnership has submitted an £80m proposal to transform a disused warehouse in Reading into 215 energy-efficient rental homes. The planning application, now with Reading Borough Council, envisions a mix of one, two, and three-bedroom units featuring amenities for fitness, home-working, and socialising, alongside community spaces and public green…
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4 SeptemberShopping Centres
Mango opens new store at Lakeside Shopping Centre
Mango has announced it has opened a new store inside Lakeside Shopping Centre. The new 440 sq metre store embodies Mango’s innovative ‘New Med’ concept, drawing inspiration from Mediterranean design elements that aim to create a “modern and inviting shopping experience”. Sustainability and architectural integration are key to the new…
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Aug- 2024 -30 AugustPeople Moves
UKRadiators.com appoints ex-Tiffany exec as operations director
UKRadiators.com, an online retailer based in Colchester, UK, has appointed Mark Webber, as its new operations director. Webber brings over 11 years of experience from Tiffany and Co., where he was “instrumental” in building its e-commerce operations. This strategic hire is part of UKRadiators.com’s growth plan. By improving supply chain…
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29 AugustNews
Today’s news in brief-29/8/24
Retail footfall in the UK experienced a slight increase of 0.9% from July to August, with shopping centres and retail parks leading the growth. High streets saw a minor decline, initially impacted by summer holidays and protests but later boosted by events like Taylor Swift’s concert. The return to office…
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29 AugustClothing & Shoes
New Look partners with ITF to protect supply chain workers
New Look has partnered with the International Transport Workers’ Federation (ITF) to ensure that transport workers’ human and labour rights are protected in the fashion retailer’s supply chain. Under a new memorandum of understanding (MoU), New Look will conduct human rights due diligence (HRDD) in its transport supply chain in…
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