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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Jul- 2020 -8 JulyClothing & Shoes
H&M to close 170 stores worldwide
H&M has announced plans to close 170 of its stores worldwide after increasing the pace of the closures due to the impact of the coronavirus. The announcement, which came in a six-month trading update for the second quarter of the year, also revealed that the H&M group’s net sales decreased…
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Jun- 2020 -29 JuneCoronavirus
H&M half-year sales slump amid Covid-19 pandemic
Fashion retailer H&M has reported a 23% decrease in net sales to SEK 83,612bn (£7.2bn) for the half-year period ended 31 May 2020. The group said it was “significantly negatively affected” by the Covid-19 situation, with pre-tax losses amounting to SEK 3,063bn (£265m) during the H1 period. H&Ms net sales…
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May- 2020 -27 MayPeople Moves
Hammerson CEO David Atkins to step down
Shopping centre owner Hammerson has announced that its CEO, David Atkins, has decided to step down from his role. Atkins will remain in position until spring 2021 at the latest, while the board searches for his successor. Atkins joined the company in 1998 and was appointed as CEO in 2009.…
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11 MayTips
The Impact of COVID-19 on Garment Workers – What to Know
The COVID-19 pandemic has resulted in a dramatic shift to our daily and professional lives, leaving no one unaffected. Many businesses have taken a stepback and many jobs were lost, with the clothing industry taking much of the hit. Garment factories have been forced to shut their doors and temporarily…
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Apr- 2020 -15 AprilComment
Will Boohoo’s bubble soon burst?
It’s fair to say that Boohoo was the success story of 2019. It achieved staggering growth and is now worth more than Marks and Spencer – an incredible achievement for a relatively nascent brand. But, as it continues its market domination, you do have to wonder when the good news…
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Mar- 2020 -20 MarchHigh Street
Ikea to temporarily shutter all UK stores amid Covid-19 pandemic
Ikea UK and Ireland has said it will temporarily close its stores to customers at 6pm on Friday 20 March, as a “precautionary measure” against the ongoing risk of Covid-19. In line with recommendations from local authorities, the retailer said it had already put additional precautionary measures in place, including…
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20 MarchSupermarkets
Government tells supermarkets to ‘join forces’
The Department for Environment, Food and Rural Affairs (DEFRA) has told supermarkets to “join forces” as the coronavirus crisis unfolds. It announced it is “temporarily relaxing” elements of competition law as part of a new package of measures to allow supermarkets to “work together to feed the nation”. The move…
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6 MarchPeople Moves
Hugo Boss appoints Heiko Schäfer as COO
Fashion retailer Hugo Boss has announced the appointment of Heiko Schäfer as its chief operating officer (COO). As COO he will be responsible for the brands global product development and sourcing, own manufacturing, operations and sustainability and quality management. Schäfer launched his career in 2002 at Boston Consulting Group, where…
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5 MarchClothing & Shoes
H&M launches global supply chain initiative
H&M announced it will be launching a new initiative to provide other retailers access to its global supply chain, in what it says is a bid to “accelerate sustainable change”. The initiative, entitled Treadler, will begin to offer access to its global supply chain as a service to external companies…
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Feb- 2020 -26 FebruaryComment
How to ensure you have a sustainable strategy to deal with returns
Fashion Week is upon us, and, as models and fashion moguls around the world touch down to enjoy four weeks of new looks and trends across the world’s fashion capitals, fast fashion brands and manufacturers from across the globe will be eagerly anticipating the next big thing to recreate for…
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