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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Feb- 2021 -22 FebruaryDepartment Stores
John Lewis to shutter up to eight stores
John Lewis is reportedly considering the closure of up to eight of its stores in a bid to further cut costs, according to The Sunday Times. While the exact number of closures is “yet to be determined”, the chain’s bigger and older sites are thought to be most at risk.…
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19 FebruaryClothing & Shoes
H&M issues £433m sustainability-linked bond
H&M has issued a €500m (£433m) sustainability-linked bond with a maturity of 8.5 years which will aim at providing incentives for the company to meet eco-friendly targets by 2025. The annual coupon rate of 0.25% with the bond has already generated “great interest” and was 7.6 times oversubscribed, according to…
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18 FebruaryDepartment Stores
John Lewis signs up to HRH Terra Carta initiative
John Lewis has announced it has become the first retailer to sign-up to HRH The Prince of Wales’ Terra Carta, which forms part of HRH’s Sustainable Markets Initiative. Launched by HRH on 11 January 2021, the Terra Carta lists 10 action articles for the decade and aims to provide an…
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15 FebruaryClothing & Shoes
Burberry to repay £6m in business rates relief
Burberry has voluntarily agreed to repay around £6m in business support to the Treasury, following the business rates holiday designed to help businesses navigate through the impact of the pandemic. According to the Sunday Times, the retailer has also repaid a £300m loan from the Bank of England, in a…
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11 FebruarySupermarkets
M&S launches sustainable denim range
Marks and Spencers has started replacing its denim items with more sustainable dyes as part of an environmental initiative. Around 50% of the new denim range uses 86% less water compared to the industry average for denim finishing. The supermarket chain said that 58% of its customers supported the idea…
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10 FebruarySupermarkets
Tesco fights shareholder challenge over UK obesity crisis
Tesco is preparing to face a shareholder resolution from a coalition of institutional and retail investors, who are calling on the company to set targets to increase the proportion of healthy products in its sales. Coordinated by NGO ShareAction, the resolution is being supported by seven institutional investors managing over…
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9 FebruaryCoronavirus Featured Content
How the fashion industry can survive and thrive post-lockdown
Back when the effects of the coronavirus pandemic first hit in March 2020, everyone seemed to expect the worst for both physical and online retail. Fast forward to 2021 and initial predictions for online retail could not have been more wrong. Propelled primarily by a surge in demand for makeup…
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9 FebruaryDepartment Stores
John Lewis Partnership introduces more than 50 fashion brands
John Lewis Partnership has announced it will be introducing more than 50 new fashion and beauty brands as part of its plans to continue modernising its fashion offering. Last week, the group launched high street brand Mango across its womenswear, shoes and accessories. Additionally the company revealed it will be…
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9 FebruaryClothing & Shoes
M&S bolsters clothing business with senior hires
Marks and Spencer has announced it is strengthening its Clothing and Home leadership team through two new hires, who are both set to “play an important role” in the development of its Never the Same Again programme. The programme, launched last year, is focused on the group becoming “more relevant,…
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5 FebruaryFeatures
Fanfare Label’s founder takes on fast fashion
There is no doubt about it, the sustainable fashion industry is growing. A desire for environmentally and socially responsible goods is becoming increasingly prominent in the habits of conscious consumers, therefore pushing demand within the sector. For some, the importance of sustainability in fashion is unparalleled. “I wouldn’t say it’s…
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