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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Mar- 2022 -17 MarchClothing & Shoes
Prada FY21 revenues spike 41% to €3.36bn
Prada S.p.A has reported its revenues increased 41% year-on-year to €3.36bn (£2.82bn) in the full year ending 31 December 2021, also up 8% from pre-Covid levels. The group’s net income hit €294m (£246.4m) and EBIT grew to €489m (£409.83m). Prada also revealed its online sales surged 61% year-on-year, five times…
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16 MarchClothing & Shoes
Clarks appoints former New Balance lead as CEO
Clarks has appointed Jonathan Ram as its new CEO, with Ram set to join the business next month. He brings with him extensive footwear and apparel leadership experience. He was most recently group president of Global Activewear at HanesBrands, Inc., where he led the growth of the activewear business across…
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14 MarchClothing & Shoes
Yoox Net-A-Porter unveils luxury menswear resale service
Yoox Net-A-Porter has announced the launch of its new dedicated luxury resale service for menswear, Mr Porter Resell, as part of the next phase of the company’s resale strategy. Yoox Net-A-Porter, which comprises Mr Porter, Net-A-Porter and The Outnet, launched the service to enable customers to resell their designer items…
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11 MarchClothing & Shoes
Mango reports highest profit in decade
Mango has closed FY21 with the highest profits in almost a decade, with a net profit of €67m (£56m), triple the €21m (£18m) reported pre-pandemic in 2019. The fashion retailer said its latest results “brings an end to the disruption of 2020”, as the group returned to profit and welcomed…
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9 MarchComment
How experiential CX is revitalising in-store retail
The rise of online retail, advances in technology and changes in consumer behaviour have transformed the retail landscape. While this has brought inevitable extinction for many brands, in typical Darwinian fashion, those able to adapt to their new environment continue to thrive. Liz Ward, Head of Sales and Marketing at…
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Feb- 2022 -24 FebruaryOnline & Digital
Gousto finalises new share placing
Gousto has announced that following a successful primary fundraise in January, it has completed a $230m (£171m) secondary placement, led by SoftBank VF2 and introduces Fidelity International, Grosvenor Food and AgTech and Railpen to its share register. Following the recent announcement of a $100m (£74m) primary investment in a fundraise…
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23 FebruaryNews
H&M launches its first STEM programme in the UK
H&M has announced its first STEM (science, technology, engineering and maths) programme will launch in February 2022, in the UK, in partnership with not-for-profit charity Stemettes. The brand said focus of the programme will be ‘sustainability and style’, with participants exploring STEM’s contribution to a more sustainable fashion future through…
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18 FebruaryLuxury Goods
Kering hails ‘record’ revenues of €17.64bn
Kering has reported “record” revenues of €17.64bn (£14.72bn) in FY21, up 35% year-on-year from €13.1bn (£10.93bn) and up 13% from pre-Covid levels of €15.88bn (£13.25bn), with growth across all houses within the company and across all regions. Additionally, Kering achieved “record” operating income, growing 60% year-on-year to €5.01bn (£4.18bn), up…
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17 FebruaryClothing & Shoes
Mango brings forward sustainability targets
Mango has announced that it is bringing forward its sustainability targets after revealing that 80% of all the garments it sells have hit the company’s sustainability goal. In just one year, Mango has almost doubled the percentage of sustainable garments in its total production. The company, one of the leading…
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15 FebruaryNews
Dunelm launches 3-year partnership with the Natural History Museum
British homewares retailer Dunelm has announced the launch of a new collection as part of a three-year collaboration with the Natural History Museum. The new collection will offer a range of “exclusive” homewares, all designed and produced in collaboration with the Museum and reflecting its “ethical and sustainable”, for example…
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