Retail news

• Aldi to boost annual spending on UK-made food and drink by £3.5bn

  30-12-2020 19:14
  
  More than 1,000 small firms in grocer’s supply chain expected to benefit from cash injectionAldi is boosting its support for British suppliers by announcing it aims to spend £3.5bn more on UK-produced food and drink annually within the next five years.In a move that will benefit more than 1,000 small businesses in its supply chain, the discount supermarket is also extending by a year to the end of 2021 an agreement to pay smaller suppliers without delay. Continue reading...
  
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• Tesco scraps 1 billion plastic pieces from UK business

  30-12-2020 11:57 via retailgazette.co.uk
  // Tesco removes 1 billion pieces of plastic from its business since 2019
  // The target was part of Tesco’s commitment to tackle plastics through its 4Rs packaging strategy
  // The strategy has seen a business-wide programme of change that assesses every piece of packagingTesco said it has removed one billion pieces of plastic from its UK business in just one year by working with its suppliers.
  This includes the plastic shrink wrap around branded and own-label tinned multipacks, plastic wra
  
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• UK retailers cancel orders worth £730m with Bangladeshi factories

  30-12-2020 11:47 via retailgazette.co.uk
  // Bangladeshi factories have had orders cancelled worth £730m when stores closed during lockdown
  // The Covid-19 pandemic caused non-essential stores to close in late March
  // The garments sector represents 95% of Bangladesh’s total exportsUK retailers have cancelled orders worth £730 million with Bangladeshi factories when stores closed during the first Covid-19 lockdowns.
  The pandemic caused non-essential stores to close in late March and clothing retailers were the hardest
  
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• Mytheresa eyes Wall Street IPO after sales reach £399m

  30-12-2020 11:25 via retailgazette.co.uk
  // Mytheresa reveals plans for a Wall Street IPO
  // The IPO could value the company at £1 billion
  // Mytheresa launched its online business in 2006 and now trades in 140 countriesMytheresa has announced plans for a Wall Street IPO, which could value it at as much as £1 billion.
  The online fashion retailer that sells luxury brands includes Burberry and Gucci, and was originally founded as a bricks-and-mortar store in Munich, Germany.
  In its last financial year, Mytheresa generate
  
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• Aldi donates unsold foods as stores closed over Christmas period

  30-12-2020 11:04 via retailgazette.co.uk
  // Aldi donates over 500,000 meals to UK charities over the Christmas period
  // The grocer unloaded all of its unsold fresh and chilled food
  // Aldi ramped up its support for local charities, community groups and food banksAldi has donated over 500,000 meals to UK charities during the Christmas period as it unloaded unsold fresh and chilled food after stores closed on December 24.
  The German discounter has donated 506,000 meals as it ramped up support for local charities, community groups and fo
  
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• UK public transport downturn to continue after pandemic ends

  30-12-2020 07:01
  
  More than half of users will walk or cycle instead of taking buses and trains, Co-op survey finds
  Over half of public transport users in the UK say they will continue to avoid buses and trains after the pandemic is over in favour of cycling or walking, a study of consumer spending reveals.The Co-op’s annual ethical consumerism report, which has monitored ethical spending habits for over 20 years, this year singles out public transport as “the biggest loser” of changed spending
  
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• Aldi to spend an extra £3.5bn a year with UK suppliers

  30-12-2020 01:00 via theretailbulletin.com
  
  Aldi is to increase the amount of food and drink it buys from UK suppliers by £3.5 billion a year within the next five years. The... View Article
  
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