UK retailers have cut their carbon emissions in half since 2005 and smashed environmental targets for the past year, according to new figures.
Data from the British Retail Consortium (BRC) has revealed that carbon emissions across leading firms in the sector have dropped by 49% since 2005.
This represents a significant improvement on the industry’s target of a 25% reduction over...
National commercial property and investment company LCP has launched a new and exciting retail concept, aimed at attracting fledgling retailers who want to try their first bricks and mortar selling space.
It is billing Microshops as the biggest change in retail for 50 years and has launched it initially in eight towns – Margate, St Helens, Aldershot, Thornaby-on-Tees, Govan Cross,...
2020 was a year like no other, and the shockwaves caused by the pandemic have inherently altered consumer-facing operations at their very core. Retail has been one of the most severely impacted sectors over the course of the last 12 months, and in that time we have seen adoption of new technologies and changes in existing ones at an...
Retailers are unlikely to see a return to pre-pandemic numbers of customers “anytime soon” despite the beginnings of a recovery after non-essential shops reopened, figures suggest.
Total UK footfall for the month to May 1 remained 40% down on the same month in 2019 despite the re-opening of retail, according to BRC-Sensormatic IQ figures.
Retail parks continued to fare better than...
Superdry has said it can “clearly see the light at the end of the tunnel” as it returned to sales growth amid the reopening of stores across the UK.
The fashion retailer reported a 0.8% increase in revenues to £118.3 million for the three months to April 24.
However, it also revealed that total sales for the past year tumbled by...
Sainsbury’s has hired the former boss of John Lewis to take charge of its clothing and homeware operations.
The supermarket giant said Paula Nickolds will take the role of general merchandise and clothing commercial director in June.
Ms Nickolds was ousted from department store chain John Lewis in January 2020 after 25 years, after she failed to improve the retailer’s profits.
The...
Fashion giant Next has lifted its profit targets for the year after recent sales bounced above expectations.
The high street firm said it reported £75 million more in sales than predicted for the 13 weeks to May 1.
It said sales for the period were only 1.5% below the same three months in 2019, before the pandemic hit the UK. Next...
Retail footfall significantly improved through April as pandemic restrictions were eased but remained firmly below pre-pandemic levels, according to new figures.
The latest monthly monitor by research firm Springboard revealed that footfall in April was almost a third, 32.7%, below the levels seen in April 2019.
It said footfall was 240.8% higher than the same month last year, although this was...
Online shoppers abandon more than £100 worth of goods in baskets every month on average, a survey has found.
Significant delivery costs, the desire to “window shop” rather than make a purchase and lengthy authentication processes were key drivers of payment dropouts, Barclaycard Payments said.
Getting distracted by other online shopping and forgetting what baskets contain were other key reasons.
Perhaps with...
The billionaire brothers buying Asda have proposed selling 27 of their current petrol station sites in a bid to get the £6.8 billion takeover over the line.
Last month, the UK competition watchdog raised concerns that the deal could lead to higher petrol prices for motorists in 36 locations.
On Wednesday, the Competition and Markets Authority (CMA) said the Issa brothers...