A recent report by LRN Corporation reveals notable generational differences in how employees interact with their organisation’s code of conduct.Gen Z employees are significantly more likely to consult their employer’s code of conduct than older generations.Despite this frequent consultation, they are paradoxically more agreeable to bending rules to achieve work goals.Countries with prevalent code of conduct training see higher engagement, while those with less training show minimal usage.A gap persists in how different organisational levels perceive the importance and adherence to codes of conduct.A recent analysis from LRN Corporation unveils stark generational contrasts in engagement with organisational codes of conduct,…
Author: Dave Antrobus
AllSaints celebrates a third year of record-breaking financial performance with significant profit growth.Operating profit increased by 40% to reach £39.9 million, showcasing robust financial health.Overall sales, including John Varvatos, saw a moderate rise of 0.6%, reaching £459.5 million.AllSaints expanded its market presence by investing in wholesale, franchise, and licensing operations.CEO Peter Wood expresses confidence in the brand’s future, highlighting new product launches and international expansion.Fashion retailer AllSaints has announced its third consecutive year of record-breaking financial results. Operating profit surged by 40%, reaching an impressive £39.9 million, while EBITDA rose by 18%. The group, which includes luxury menswear brand John…
THG is advancing plans for the demerger of its technology platform, Ingenuity, to enhance shareholder value.The company is exploring potential structures for the demerger but has not yet set a timeline.Post-demerger, THG will focus on its beauty and nutrition sectors after a slight rise in profits.Sales in the beauty division rose significantly, while Ingenuity also experienced notable growth despite challenges elsewhere.THG anticipates increased sales momentum in the coming quarter, particularly in its nutrition arm.THG, a leading e-commerce entity, is moving forward with the separation of its technology platform, Ingenuity, in a strategic effort to optimise shareholder returns. The company is…
Kingfisher has reported a slight increase in profits despite a drop in sales performance, particularly in large-scale purchases.Big ticket sales at B&Q fell sharply by 11.6% during the first half of the year.Overall group sales saw a slight decline by 1.8%, yet pre-tax profit increased by 2.3% to £324 million.The company witnessed a notable recovery in seasonal sales since early July, notwithstanding the continued weakness in big ticket sales.Strong ecommerce and trade sales led to a market share gain in the UK for Kingfisher.Kingfisher, the parent company of B&Q, announced a modest profit increase in the face of declining sales,…
AllSaints has released its financial results showing notable achievements in the first half of 2024.The brand’s gross profit margin increased to 63%, up from 62.2% last year.Total group revenue slightly rose by 0.6% to £459.5 million.Despite challenging market conditions, operating profit surged by 40% to £39.9 million.Expansion milestones included openings in Los Angeles, China, and a John Varvatos store in Houston.Global fashion brand AllSaints has announced significant financial outcomes for the year ending 3 February 2024. The company’s gross profit margin saw an increase to 63%, compared to the previous year’s 62.2%, attributed to positive customer reception of seasonal products…
A significant transformation could soon greet visitors at London’s iconic Oxford Street, enhancing its appeal and accessibility.The proposed pedestrianisation of Oxford Street from Oxford Circus to Marble Arch, aims to revitalise the historic shopping area.Sadiq Khan emphasised the need to rejuvenate Oxford Street, affected by a decade of decline.A £90 million investment programme will commence, focusing on widening pavements to accommodate more footfall.The project, a collaboration with local retailers and Westminster City Council, promises economic benefits.A major section of London’s Oxford Street, known as one of the world’s busiest retail destinations attracting around half a million visitors daily, is set…
A recent tribunal decision has resulted in the suspension of a junior solicitor following her failure to inform her client or law firm about a critical legal oversight.Samantha Jayne Dyson, who began her tenure at Plexus Legal in 2012 and qualified in 2018, faced the Solicitors Disciplinary Tribunal (SDT) after a series of professional misconducts. The incidents unfolded in 2021 when she was representing a council’s insurer in a personal injury claim associated with a traffic accident.Ms Dyson’s primary oversight involved neglecting to disclose that the defence and counterclaim she was managing had been automatically struck out in January 2021.…
Fast-growing national law firm Taylor Rose has unveiled plans for a significant restructure, set to consolidate its departments and discontinue certain teams. This move, announced on 17 September 2024, will involve the closure of four specific teams, signalling a strategic shift aimed at future growth.The firm, which employs over 800 staff across 40 offices, will streamline its operations by merging its 13 departments into three primary divisions: property and private client, dispute resolution, and corporate/commercial. Notably, the legally aided family and criminal & extradition teams will be closed, although some lawyers will remain to manage privately funded work.In addition, Taylor…
The UK’s Information Commissioner’s Office (ICO) has issued a formal warning to SkyBet over its handling of cookies, citing legal violations.SkyBet was found to be sharing personal data with advertising companies prior to obtaining user consent, contravening data protection laws.The ICO’s investigation led SkyBet to revise its cookie practices to align with legal requirements, ensuring users can reject advertising cookies.The ICO underscores the importance of consent for targeted advertising and plans to review the UK’s top 100 websites for compliance.This move by the ICO serves as a cautionary example for companies, highlighting the potential consequences of neglecting user consent requirements.The…
Asos has expanded its collaboration with the Nordic design brand Arket, launching their collection on Asos’s platform for the first time.The autumn/winter 2024 collection will now be accessible to Asos’s extensive online audience, marking a new chapter in the partnership with H&M Group.Arket joins other H&M-owned brands like &Other Stories, Monki, and Weekday on Asos’s platform, enhancing the fashion offerings available to customers.Vanessa Spence, Asos’s executive VP of creative, emphasised the collaboration’s potential for customers to discover and personalise these latest fashion items.This development follows Asos’s recent strategic sale of Topshop, focusing on expanding its roster of partner brands.Asos, a…