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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Jun- 2023 -30 JuneNews
Global Fashion Group unveils changes to executive team
Global Fashion Group has made several changes within its executive team for the next phase of its development. Helen Hickman will succeed Matthew Price as CFO and join the executive team from August 2023. Price is leaving GFG after a handover period at the end of August, to pursue new…
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29 JuneSupermarkets
John Lewis becomes first retailer to set net-zero targets
The John Lewis Partnership has become the first retailer in the UK to have its “science-based” net-zero targets validated by the The Science Based Targets initiative. The SBTi, the gold standard for setting and monitoring corporate climate targets, has validated the partnership’s target to become net-zero across its own operations…
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28 JuneClothing & Shoes
Mulberry profits fall to £13.2m in FY23
Mulberry has reported that pre-tax profits fell from £21.3m to £13.2m in the year ended 1 April 2023, despite reporting that revenues rose by 4% to £159.1m over the same period. Its UK retail sales saw a slight decline from £88.5m to £87.7m however, as the first half of the…
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27 JuneClothing & Shoes
Asos appoints sustainability expert as ESG chair
Asos has announced the appointment of Anna Maria Rugarli as non-executive director and chair of the ESG Committee. Rugarli is a sustainability and CSR expert with more than twenty years of experience working with leaders in global apparel, including Nike Inc. and VF Corporation. She has specialised in creating “innovative”…
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21 JuneHealth & Beauty
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted EBITDA for the half-year now expected to be between £44m and £47m, compared with £32.3m in the same period last year. As a result, the group’s guidance for the financial…
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20 JuneAdvice
Key Performance Indicators (KPIs) Every Retailer Should Track
In the competitive retail industry, staying on top of your business’s health and performance is essential for sustainability and growth. Key Performance Indicators (KPIs) provide a measurable way to determine how effectively a retailer is achieving its key business objectives. This article will outline the vital KPIs that every retailer…
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20 JunePeople Moves
Mango partners with marine biologist to protect the Mediterranean
Mango has announced a partnership with marine biologist and National Geographic explorer Manu San Félix to support the Declaration of the Mediterranean, an initiative promoted by San Félix to protect and restore the Mediterranean sea. Specifically, the Declaration for the Mediterranean will draft a manifesto highlighting the evolution and deterioration…
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19 JunePeople Moves
Damian Hopkins awarded CBE for services to retail
Damian Hopkins, the founder and CEO of PDS Radius Brands, has been awarded the honour of CBE, in King Charles III’s inaugural Birthday Honours List on Saturday (17 June) for his services to the retail and fashion sector. Hopkins’ career in retail and fashion spans over 25 years, in which…
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15 JuneClothing & Shoes
Hugo Boss ups 2025 sales target to €5bn
Luxury fashion giant Hugo Boss has announced it has increased its 2025 sales target to €5bn (£4.2bn) following the success of its ‘Claim 5’ strategy. Hugo Boss revealed it is increasing its sales and earnings targets for 202 after it said the previous medium-term sales target of €4bn (£3.4) should…
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14 JuneHigh Street
WH Smith completes refinancing with £400m facility
WH Smith has completed the refinancing of its existing £363m lending facilities after securing a £400m sustainability-linked facility. The group’s existing £363m lending facilities, consisting of a £250m revolving credit facility and a £113m term loan have now been cancelled and repaid. The new RCF is for a five-year term,…
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