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 -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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3 OctoberClothing & Shoes
Dr Martens to open 100th EMEA store on Oxford Street
Dr. Martens plc is set to open its 100th EMEA (Europe, Middle East and Africa region) store on London’s Oxford Street. The new location, at 184 – 190 Oxford St, will open on 10 November 2023. Dr Martens stated that the new store, which is near its flagship store in…
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Sep- 2023 -22 SeptemberElectrical
Currys to recruit for over 1,100 roles ahead of ‘peak’ trading
Technology retailer Currys has today announced plans to create over 1,100 new roles during this year’s “peak” trading period. To support the business through the “busiest” time of the year – the period leading up to Black Friday through to the January sales – 720 temporary roles have been made…
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22 SeptemberAdvice
The retailer’s guide to adopting sustainable business practices
In an era marked by increasing environmental awareness, adopting sustainable business practices is not just a choice, but a necessity for retailers. Consumers are now actively seeking out eco-friendly and socially responsible options, and retailers have a unique opportunity to lead the way. Here are some practical steps retailers can…
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21 SeptemberNews
Aldi to sponsor nationwide beach cleanup project
Aldi has announced it is backing the Marine Conservation Society’s Beachwatch programme with a £50,000 sponsorship. The supermarket has become the biggest corporate funder of the Marine Conservation Society’s beach cleaning and litter survey project, Beachwatch, which aims to support more than 15,000 volunteers to participate in 1,200 local beach…
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19 SeptemberNews
THG net-zero targets get validated by official body
THG, the global proprietary technology platform specialising in taking brands direct to consumers, announced the validation of its net-zero targets by the Science Based Targets Initiative (SBTi). The SBTi has confirmed that THG’s sustainability targets align with the latest climate science, aimed at limiting global warming to 1.5°C above pre-industrial…
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18 SeptemberNews
JD Williams launches premium clothing collection for women
JD Williams, a leading brand within N Brown Group plc, has announced the launch of a new range of premium wardrobe staples, Anthology. The collection features a selection of staples for Autumn Winter 2023, available online from 7 September at JD Williams in sizes 8-18. The edit of “refined, stylish”…
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13 SeptemberClothing & Shoes
Inditex’s H1 profit before tax jumps 39%
Zara and Stradivarius owner Inditex has revealed that its profit before tax rose 39% to €3.3bn (£2.84bn) for the six months ended 31 July 2023. The company’s sales rose 13.5% to €16.9bn (£14.6bn) and as a result the company posted a gross profit of €9.8bn (£8.4bn) which was an increase…
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