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Retailers must focus on cutting Scope 3 emissions – report
Retailers must adapt logistics and last-mile delivery strategies to reduce Scope 3 emissions, a new report has found. GlobalData's ESG (Environmental, …
Lidl invests in own-label Welsh milk
Lidl GB has signed a deal with the Pembrokeshire Creamery to sell milk produced and bottled in Wales. From 1 June …
Munro Footwear picks Fluent Commerce order management system
Australian retailer the Munro Footwear Group (MFG) has partnered with Fluent Commerce to enhance its omnichannel fulfilment capabilities. The retailer will …
Tapestry net income drops to $139m in Q3 FY24
Accessories and lifestyle brand Tapestry has reported that its net income for the third quarter (Q3) of fiscal year 2024 …
British private equity giant soars on back of unexpected retail powerhouse
3i Group, the UK's largest listed private equity company, reported a strong year fuelled by the runaway success of Action, …
Crocs expands shoe takeback programme across US
Colorado-headquartered casual footwear brand Crocs has announced the expansion of its shoe takeback initiative "Old Crocs. New Life" across the …
Primark expands in Italy with new €10m store in Turin
Global fashion retailer Primark has opened a new €10m ($10.78m) store in Turin, Italy, marking its second location in the …
WHSmith unveils 17 locations for Toys R Us shop-in-shops in UK
British retailer WHSmith has announced the expansion of its partnership with Toys R Us, revealing the locations of the first …
Sam Ash seeks bankruptcy protection to close all 42 US stores
American music retailer Sam Ash filed for Chapter 11 bankruptcy protection on 8 May 2024 and intends to close all …
Kroger and UFCW 951 initiate negotiations for new contract
US supermarket chain Kroger and labour union United Food and Commercial Workers (UFCW) Local 951 have commenced negotiations for a …
Waitrose backs British farmers with sustainability programme
UK supermarket chain Waitrose has unveiled its Farming for Nature programme to boost the long-term financial resilience of UK farms …
Frasers Group close to acquisition of Ted Baker’s UK operations
Retail giant Frasers Group, owned by businessperson Mike Ashley, is reportedly close to acquiring the struggling British operations of fashion …
Shopify Q1 beats estimates but Q2 forecast raises concerns
Shopify reported a robust first quarter (Q1) of 2024, exceeding analyst expectations for both revenue and earnings per share. Revenue climbed …
Explainer: Navigating the choppy waters of retail during a sales downturn
In a surprising turn of events, retail sales in the UK took a sharp downturn in April, as highlighted by …
Boohoo’s loss widens in FY24 as revenue declines 17%
British online retailer Boohoo has reported that its statutory pre-tax loss widened by 69.2% to £159.9m ($199.7m) in the fiscal …