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- 2023 -16 OctoberFeatures
Sasha Radic: ‘Beauty is both high growth and resilient’
Can you tell us a little bit about your career so far? I am a managing director at Jefferies, spearheading our beauty and wellness practice. I’ve been in investment banking my entire career and couldn’t imagine a better way to enable and drive the growth in this industry. As such,…
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13 OctoberNews
Today’s news in brief-13/10/23
The John Lewis Partnership has appointed Martin Gafsen as its new director of property. Gafsen, previously the interim corporate finance director at Royal Mail, brings extensive experience in property management. He led the strategy for Royal Mail’s nationwide freehold and leasehold estate for 16 years. Additionally, Gafsen was responsible for…
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13 OctoberDepartment Stores
Dunelm green targets approved by SBTi
Dunelm has announced that its greenhouse gas emissions targets have been approved by the Science Based Targets initiative (SBTi). Dunelm has become the first dedicated homewares specialist and one of the first companies globally to set short and long-term company-wide emission reduction targets in line with climate science, following a…
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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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6 OctoberNews
Today’s news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (£4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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6 OctoberLuxury Goods
Pandora raises revenue guidance amid strong store sales
Pandora has upped its revenue guidance for the year to between DKK 34-36bn (£4.2-4.5bn) after seeing a spike in store sales. As part of its Phoenix strategy, Pandora plans to scale up its investments to accelerate revenue growth, brand desirability and store network. This will include building its position as…
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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 OctoberSport & Leisure
ON aims to double net sales in three years
Swiss running retailer ON has announced its target to double its net sales 2026 to at least £3.19bn. The company also expects to exceed 60% gross profit margin by 2026 and reach an apparel share of 10% or more. Furthermore, ON wants to reach an adjusted EBITDA margin of +18%…
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3 OctoberNews
Today’s news in brief-3/10/23
Next announced the retirement of its CFO, Amanda James, after 28 years of service. This transition is aligned with James’ long-standing plans and is set for September 26 2024, following the release of interim results. Jonathan Blanchard of Reiss is slated to succeed her, bringing over three decades of financial…
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3 OctoberEconomy
Sustainable retail could boost local economies by £100m, Landsec finds
Brands in a sustainable retail destination could see revenues increase by up to 13% over the next 10 years, leading to a potential boost of up to £100m for local economies, Landsec research has found. According to the research, this would come from overall footfall for such destinations could see…
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