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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Apr- 2024 -4 AprilFeatures
What disadvantages does ‘shrinkflation’ bring for retailers?
In the world of consumer goods, the term ‘shrinkflation’ is rapidly becoming popular, and while it has been traditionally associated with consumers, the phenomenon is also starting to apply to retailers, prompting them to reconsider their strategies and prepare for the emerging challenges in the market ahead. Gaining popularity around…
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Mar- 2024 -27 MarchNews
Today’s news in brief-27/3/24
Fashion giants ASOS, Boohoo, and George at Asda have pledged to overhaul their green marketing tactics following a Competition and Markets Authority (CMA) investigation. The CMA’s scrutiny was prompted by concerns of greenwashing in the fashion industry. The firms will now ensure that their green claims are clear, specific, and…
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27 MarchClothing & Shoes
H&M H1 profits beat expectations despite sales dip
H&M has revealed that its operating profit increased to SEK2.077bn (£155m), up from SEK725m (£54m) despite net sales decreasing to SEK53.6bn (£376m) during the first quarter of the year ended on 29 February 2024. The group has said that sales from 1-25 March increased by 2% in local currencies compared…
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27 MarchClothing & Shoes
Asos, Boohoo and Asda commit to green claim changes after CMA probe
Asos, Boohoo and George at Asda have committed to change the way they display, describe, and promote their green credentials, after the Competition and Markets Authority (CMA) launched an investigation to scrutinise their fashion ‘green claims’. The CMA launched the review in July 2022 having identified concerns of possible greenwashing…
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15 MarchNews
Aldi celebrates successful partnership with Company Shop Group
Aldi is celebrating a “significant milestone” in its partnership with surplus food and household products redistributor, Company Shop Group. In the past year, Britain’s fourth-largest supermarket has now donated two and a half million meals from its regional distribution centres across the UK through Company Shop Group, saving an estimated…
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15 MarchPeople Moves
THG NED to step down after 14 years
THG has revealed that Iain McDonald has informed its board of his intention to step down as a non-executive director at the end of March 2024, shortly after his 14th anniversary as a THG director. The company said McDonald is both a “highly-valued and experienced” member of THG’s board, who…
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15 MarchAdvice
Things to consider for your next pricing strategy
Effective pricing not only attracts customers, but also maximises profits and ensures sustainability in a competitive market. As retailers navigate through the complexities of consumer behaviour, market trends and technological advancements, adopting the right pricing strategies becomes imperative. Here are some of the best ways to tackle your retail pricing…
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14 MarchNews
Today’s news in brief-14/3/24
John Lewis announced a pre-tax profit of £42m, a significant turnaround from the previous year’s loss of £78m. Despite this, the company will not pay staff bonuses for the third time in four years, citing a focus on base salary over bonuses. Sales rose by 1%, reaching £12.4bn, with Waitrose…
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5 MarchNews
Today’s news in brief-5/3/24
According to the British Retail Consortium (BRC), total retail sales rose by 1.1% in February year-on-year, attributed partly to February being the wettest on record. While food sales increased by 6%, non-food sales decreased by 2.5%, both below previous averages. In-store and online non-food sales also experienced declines. Despite positive…
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5 MarchElectrical
Currys invests £13m in staff pay boost
Currys has announced a further boost to pay with a new £13m investment which will see all hourly paid staff receive a higher hourly rate, alongside a bonus programme. Store-based employees will now be able to earn on average £12.33 per hour, with top performers on £13.95 an hour on…
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