Next has unveiled its new high-end fashion platform, Seasons, targeting style-conscious British shoppers.The platform offers a curated selection of luxury brands such as Ganni, Joseph, Rixo, and Veja.The launch aims to cater to Next’s affluent customer base with investment-worthy fashion pieces.Seasons leverages Next’s extensive infrastructure for efficient delivery and returns service.Brand director Jade Taylor expresses confidence in meeting the demands of previously overlooked customers.Next has recently introduced Seasons, its new premium fashion platform designed to attract a discerning UK clientele. With this launch, the platform offers a carefully curated selection of luxury brands, including Ganni, Joseph, Rixo, and Veja, providing…
Author: Dave Antrobus
Jigsaw experienced a financial downturn, reporting a pre-tax loss compared to the previous year’s profit.Despite increased sales, investments in brand marketing did not yield the expected returns.EBITDA saw a significant decrease, reflecting tougher market conditions in late 2023.Leadership changes occurred with former Oasis and Warehouse boss Hash Ladha taking over as CEO.New store openings and collaborations show Jigsaw’s efforts to expand brand reach.In its last financial year, Jigsaw, the fashion retailer, reported a pre-tax loss of £3.6 million, contrasting with a previous profit of £816,000. Despite a slight rise in sales from £56 million to £57 million, the investments in…
Adam Warby will become the new chair of Ocado starting December 1, 2023, taking over from Rick Haythornthwaite.Warby, who chairs at KKR and Heidrick & Struggles, will bring his experience from Microsoft and IBM to Ocado.The leadership change is happening earlier than Haythornthwaite’s planned departure in April 2024.Haythornthwaite supports Warby’s leadership and praises his time at Ocado.CEO Tim Steiner maintains optimism about Ocado’s future despite investor caution.Ocado has declared that Adam Warby, presently chair of KKR, will assume the role of chairman from Rick Haythornthwaite on December 1, 2023. Warby’s prior roles at Microsoft and IBM, along with his current…
A recent study highlights the growing trend of outsourcing back-office functions among UK companies.1.3 million businesses plan to enhance outsourcing of back-office activities by 2027.71% of large companies and 24% of SMEs are focusing on outsourcing.Key industries like manufacturing, financial services, and healthcare are leading this trend.Technological advancement is a major factor driving this shift.A recent study conducted by Parseq, through the research consultancy Censuswide, reveals that approximately 1.3 million UK businesses are gearing up to increase their outsourcing of back-office functions by the end of 2027. This move is predominantly driven by large companies, among which 71% indicate an…
Organisations are reportedly losing substantial sums due to inefficient recruitment and retention processes.Recent data suggests that most organisations fail to measure return on investment in their hiring activities.A significant number of companies do not calculate the cost associated with employee turnover.Rising recruitment budgets may worsen financial losses amid ongoing skills shortages.Understanding and addressing inefficiencies in the hiring process is crucial for optimising resources.Organisations are reportedly losing substantial sums due to inefficient recruitment and retention processes. New data from Omni RMS in collaboration with the CIPD highlights this troubling trend. The study emphasises that many companies are failing to realise measurable…
Sainsbury’s has announced the sale of its Argos credit card portfolio to NewDay Group for £720 million.This move aligns with Sainsbury’s ongoing strategy to reduce its banking services.The portfolio accounts for 20% of Argos sales, serving around two million customers.A new partnership with NewDay will introduce a modern credit system for Argos shoppers.Earlier this year, Sainsbury’s also began divesting parts of its banking arm to Natwest Group.Sainsbury’s has reached a significant agreement to sell its Argos credit card portfolio to NewDay Group in a deal valued at £720 million. This decision forms part of Sainsbury’s broader strategy to scale back…
This article discusses Sainsbury’s sale of its Argos credit card portfolio as part of its strategy to reduce involvement in banking services.The £720 million deal transfers the portfolio to NewDay Group, aligning with the projected value of loan balances.About 20% of Argos sales have been supported by the credit portfolio, involving two million customers.NewDay Group will introduce a fresh Argos-branded digital credit solution to enhance customer payment options.Sainsbury’s continues to offload its banking arm, having announced another significant transaction with NatWest earlier this year.Sainsbury’s has reached an agreement to sell its Argos credit card portfolio to NewDay Group for an…
Ocado Group has announced Adam Warby as its new chair, boosting its leadership strength.Warby steps in following Richard Haythornthwaite’s departure due to increasing obligations at NatWest Group.The new chair brings extensive experience from Heidrick & Struggles and as a senior advisor to KKR.Warby will join the board as an independent non-executive director before assuming the chair role.His appointment is seen as a strategic move to capitalise on Ocado’s innovative position in the market.Ocado Group has selected Adam Warby as its new chair, effective from 1st December. This notable appointment follows Richard Haythornthwaite’s decision to step down to manage his growing…
Dune has experienced a downturn in financial performance, posing challenges despite efforts to expand internationally.The company reported an operating loss of £3.9 million, a significant drop from the previous year’s profit.Turnover remained stable, but profitability declined considerably due to external factors.Dune expanded its presence in several international markets, increasing store and concession numbers.The outlook remains cautiously optimistic as early sales in the autumn/winter season show promise, especially for boots and bags.Dune has faced financial difficulties over the past year, reporting an operating loss of £3.9 million as of 27 January 2024. This represents a stark contrast to the previous year’s…
Poundland is increasing its product assortment priced at £1 after recent tax changes.The retailer will raise the number of £1 items from 1,000 to 1,500 starting 1 November.Key essential goods like milk, bread, and eggs will be consistently priced at £1.Fresh produce stands will be implemented in over 520 stores, featuring items such as apples.Poundland aims to maintain affordable essentials during the festive season while offering deals.Poundland is set to expand its range of products priced at £1 from 1,000 to 1,500 across its UK stores, effective from 1 November. This move is in response to recent tax adjustments, aiming…