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Shein to slash emissions by 25%


By Dalvinder Kular

Online fashion retailer Shein said that it plans to cut emissions across its entire supply chain by 25 per cent over the next eight years. The Chinese fast fashion company said that along with reducing carbon emissions, it is accelerating the use of recycled materials in its products. Shein will also focus on nearshoring and onshoring to meet the 2030 target, which Shein claims will reduce reliance on airfreight.


Co-op outlines balance sheet and cost of living support measures

The Co-op has said it is taking measures to strengthen its balance sheet and support members throughout the cost-of-living crisis. The grocer says it's taking decisive management action to reduce operational costs, improve operational performance and prioritise capital expenditure.

Deliveroo announces partnership with Too Good To Go

Deliveroo has announced a new partnership with food saving app Too Good To Go. Too Good To Go connects consumers to unsold food from businesses at lower prices to save it going to waste.

Next drops profit and sales forecast over economic uncertainty

Next has lowered its forecast for profit and sales due to the uncertain economic environment. In its half year report, the fashion retailer said sales had risen by around 12 per cent and pre-tax profit had risen 16 per cent to £401 million.

UK shop prices continue to soar

UK shop price annual inflation increased to 5.7 per cent in September, up from 5.1 per cent in the previous month.
Aldi to open eco concept store

Aldi has announced plans to open a new eco concept store in Leamington Spa. The UK store has been designed to reduce carbon consumption, with sustainable building materials and design changes which the budget retailer says could reduce life-cycle carbon emissions by “up to two-thirds”.

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Boohoo experiences fall in sales amidst rising inflation

Boohoo has announced a 10 per cent drop in sales has warned that revenue will likely continue to decline for the rest of the year.The online fashion retailer said sales had fallen to £882.4 million during the six months to 31 August. Gross margins dropped from around 55 per cent during the comparable six-month period a year ago to roughly 53 per cent.

Shopify launches new POS device for merchants

Shopify has announced the launch of POS Go, a new piece of retail hardware which features a built-in barcode scanner. Shopify said the new device is designed to give merchants the ability to deliver a “new kind of in-person shopping”.

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