Saturday, June 25, 2022

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Nike will be exiting from Russia three months after suspending operations there following the country's invasion of Ukraine

Nike to fully exit Russia following Ukraine invasion

Nike will make a full exit from Russia three months after suspending operations in the country following the country's invasion of Ukraine.
Inditex

Inditex profits up 80% but Ukraine war led to £184m costs

Zara owner Inditex has reported an increase in sales and profits but made a provision for estimated costs arising from the impact of the war in Ukraine.

World on ‘brink of food crisis’ after Ukraine invasion, IMF warns

The Ukraine invasion and the supply chain disruption has led the world economy to the brink of a food crisis.
Harrods and Mulberry become the latest retailers to join the UK Ukraine Business Consortium Network

Mulberry and Harrods to back Ukraine refugee scheme

Luxury retailers Harrods and Mulberry are the latest names to join the UK Ukraine Business Consortium Network...
Sainsbury's pledges to no longer sell Russian diesel in support of Ukraine

Sainsbury’s pledges to stop selling Russian diesel in support of Ukraine

Sainsbury's has pledged that it will no longer sell Russian diesel at its petrol stations by the end of 2022.
Iceland will be be temporarily returning to using palm oil in some own-label foods because the Ukraine war has sent oil prices through the roof

Iceland reverses palm oil ban as Ukraine war hits food prices

Iceland has said that it will be temporarily returning to using palm oil in some own-label foods from June because the Ukraine war has sent prices soaring.
John Lewis

John Lewis removes Siberian pillows from shelves amid Russia’s invasion of Ukraine

John Lewis has reportedly removed all Siberian goose-down pillows from its shelves following Russia's invasion of Ukraine.
Decathlon

Decathlon founders accused of profiting from Ukraine invasion

Decathlon owners have reportedly been accused of profiting from Vladimir Putin’s invasion of Ukraine after setting out plans for a major Russian expansion of their DIY chain.
Almost half of global shoppers could boycott brands that don't align with their personal values & beliefs, GlobalData says

Almost 50% of shoppers could boycott brands that do not have a firm stance...

According to GlobalData, almost half of global shoppers agree that they will boycott a brand if it does not align with their values.
Marks & Spencer has become the lead sponsor for an upcoming UK nationally televised ‘Concert for Ukraine’ fundraiser,

M&S becomes lead sponsor of televised Concert for Ukraine

Marks & Spencer has become the lead sponsor for an upcoming UK nationally televised ‘Concert for Ukraine’ fundraiser.

Feature Resource

It’s time to get retail transformation-ready with the help of TalkTalk...

You don’t need us to tell you that the retail world has undergone some pretty major shifts recently, particularly during and in the aftermath...