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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May- 2021 -7 MayLuxury Goods
Body Shop owner fundraises over £700m in sustainability-linked bonds
Natura and Co, the parent company of The Body Shop, Avon, and Aesop, has announced the completion of an international fundraising effort of $1bn (£718m) in bonds attributed to sustainability goals. According to the group, the funds will be put towards refinancing existing debt, as part of the group’s liability…
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7 MayClothing & Shoes
Joules secures ESG-linked financing arrangement
Clothing retailer Joules has announced an extension to its current funding arrangements, converting the facility to an ESG-linked financing arrangement. Placed through Barclays Bank, the scheme includes a £25m revolving credit facility and £9m term loan to September 2024. Under the terms of the arrangement, Joules’ interest rate loan margin…
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4 MaySupermarkets
Hotel Chocolat to launch branded spaces within Waitrose
Hotel Chocolat will launch new branded spaces within select Waitrose stores, as the confectionery company continues its 12 year relationship with the John Lewis Partnership. According to Waitrose, this is the first time the store has given an “exclusive bay” on its shelves to any other company. The deal will…
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Apr- 2021 -30 AprilSupermarkets
Tesco to offer sustainability-linked supply chain finance
Tesco is set to become the first UK retailer to offer sustainability-linked supply chain finance in a move that will aim to encourage more suppliers to sign up to science-based emissions reduction targets. The voluntary programme has been in development for the past 18 months and is due to launch…
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29 AprilSupermarkets
Asda to sell vintage clothing as part of sustainability commitment
Asda’s instore clothing brand George will begin selling second-hand clothing in its supermarkets as part of its ‘George for Good’ commitment to drive down textile waste. Following a successful trial in Asda’s sustainability store in Leeds, George is now launching the sustainable fashion partnership in a further 50 of its…
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26 AprilDepartment Stores
John Lewis Partnership to donate £1m to over 1,000 local charities
The John Lewis Partnership has announced that it will donate over £1m this summer to more than 1,000 local charities and community organisations in an effort to help end child poverty across the UK. As part of its support, both John Lewis and Waitrose shops will direct its regular community…
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26 AprilOnline & Digital
Gousto reaches first year of profitability since launch
Recipe box provider Gousto has welcomed “record” sales for 2020, up 129% to £189m. Meanwhile, underlying EBITDA was £18.2m, up from a loss of £9.1m in 2019, as Gousto achieved its first full year of profitability since launch. According to the group, this strong growth has continued into 2021, with…
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23 AprilAdvice
Getting ready for the post-covid retail boom
From being in the grip of the second wave in a bleak mid-Winter two months ago with so much uncertainty and anxiety there really has been a remarkable turnaround due to the determination of all to fix this situation. A majority of the population have been vaccinated and sunnier days…
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22 AprilEconomy
Carphone Warehouse closes all sites in Ireland
Carphone Warehouse has announced the closure of all its sites in Ireland with immediate effect. This includes its 69 standalone Carphone Warehouses and 12 in-store branches, employing 450 people, and the brand has stopped taking orders via its Irish website. However, this move is not set to affect Currys PC…
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21 AprilDIY
Ikea owner to invest £3.4bn into renewable energy
Ingka Group, the holding company which owns the majority of Ikea stores has revealed it has invested of €4bn (£3.4bn) into renewable energy. The investment will support reducing the company’s climate footprint and a broader transition to a net-zero society. In the past decade the group has invested €2.5bn (£2.2bn)…
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