Shein, a prominent name in fast fashion, announces the launch of its first branded credit card globally.The credit card is introduced as Shein seeks to expand internationally and gear up for a possible IPO.Shein partners with fintech company Stori to offer incentives on purchases, particularly clothing.Sales growth for Shein has decelerated to 23% in the first half of this year.Shein’s profits have significantly declined, prompting strategic financial preparations.Shein, a key player in the fast fashion industry, has unveiled plans to introduce its first branded credit card worldwide. This initiative is part of its broader strategy to strengthen its international presence…
Author: Dave Antrobus
As Shein gears up for a critical phase in its international ambitions, it has unveiled a new financial product aimed at bolstering consumer engagement.The clothing giant introduced its first branded credit card globally, marking its entry into the financial services sector.Shein’s collaboration with Mexican fintech Stori seeks to offer rewarding purchase benefits, including double points on clothing buys.The strategic move aligns with Shein’s preparation for an initial public offering on the London Stock Exchange.A slowing in sales growth to 23% has prompted these initiatives to secure better market positioning.As Shein prepares for a significant phase in its global expansion strategy,…
Chancellor Rachel Reeves is exploring higher taxation for online tech giants to support struggling UK high streets.Reeves may target increased business rates for companies like Amazon in a broader tax overhaul.A review of Amazon’s warehouse tax contributions compared to retail stores is underway.Industry calls for reform spark speculation of new levies on online deliveries.Government plans to balance high street competition reflect manifesto commitments.Chancellor Rachel Reeves is reportedly considering an increase in taxes for major online businesses such as Amazon, as part of efforts to revitalise the UK’s high streets. This proposal is perceived as part of a broader strategy to…
A coalition of 119 criminal law firms has cautioned the government against assuming their application for a new legal aid contract signals a commitment to sign it.The participating firms, respected names within criminal defence, have communicated their stance to Lord Chancellor Shabana Mahmood, emphasising that their actions to submit tenders are merely to safeguard their position. These tenders, due by the recent deadline, reflect a strategic manoeuvre rather than an agreement to future contractual terms.The tender process, commencing on 1 October, marks the beginning of a contract period set to start on 1 October 2025 and extend for ten years.…
H&M is commemorating its 20th anniversary of designer partnerships with a re-release of iconic collections.The retailer first collaborated with Karl Lagerfeld in 2004, revolutionising high-street fashion access.Several designer pieces from brands like Marni and Moschino are being reintroduced through a pre-loved initiative.Global drops will occur in major cities, beginning in Paris and concluding in Berlin.The initiative supports a circular fashion economy, aligning with H&M’s environmental commitments.H&M is marking two decades of its influential designer collaborations with the release of iconic past collections. The initiative not only celebrates fashion history but also promotes sustainability by offering these collections through its pre-loved…
Former Abercrombie & Fitch CEO Mike Jeffries and partner Matthew Smith are arrested, facing serious charges.The arrests come amid allegations of an extensive sex trafficking operation led by the duo.A civil lawsuit claims the company unknowingly funded Jeffries’ activities over two decades.The FBI and prosecutors are expected to provide further information at an upcoming press conference.Abercrombie & Fitch denies prior knowledge and condemns the alleged misconduct.Mike Jeffries, the former CEO of Abercrombie & Fitch, along with his partner Matthew Smith, have been apprehended following accusations of involvement in a sex trafficking network. The arrests were reported by the BBC, with…
AllSaints has appointed Liam Price, formerly the digital director at FatFace, as its new Global E-commerce Director.Price commenced his role with AllSaints and John Varvatos, leaving his previous position at FatFace last month.With 17 years of experience in fashion, Price has an impressive portfolio including roles at Warehouse, New Look, and LK Bennett.Price was instrumental in migrating FatFace operations to Next’s Total Platform following its acquisition last year.Mark Wright, another former FatFace executive, also secured a new position this week at JoJo Maman Bébé.Liam Price has taken on the role of Global E-commerce Director at AllSaints, a significant step as…
A renowned London-based agency has inaugurated a new talent division in Yorkshire.Lizzie Fee, with extensive experience, will spearhead this initiative, diversifying services across the UK.The agency’s expansion follows a year of substantial growth accompanying the launch of ‘Aduro Accelerate’.The initiative aims to provide Northern businesses with comprehensive PR, talent, and social services.The agency seeks to enhance its influence and client service capabilities in the North of England.A notable London-based consumer brands agency has made a strategic move to extend its operations to Yorkshire, marking its first expansion outside the capital. The initiative sees the appointment of Lizzie Fee, an industry…
In a year marked by economic challenges, Virgin Wines has maintained stable revenue and achieved significant profitability improvements.The online wine retailer reported a steady revenue of £59 million, while pre-tax profits increased by £2.4 million to £1.7 million.Efforts to enhance efficiency led to a 59% rise in adjusted EBITDA and reduced fulfilment expenses to 11.8% of revenue, despite rising costs.Virgin Wines implemented strategic initiatives to attract new customers and launched new collections to bolster its market position.The company’s shares showed resilience, rising 1.32% following the announcement of its financial results.In a year when many businesses faced declining revenue, Virgin Wines…
The landscape of work has dramatically shifted towards remote arrangements, bringing both challenges and innovations.Remote work, once a rare option, is now mainstream, facilitated by digitisation.Budget constraints make remote work attractive by cutting commuting costs and saving time.Project management and communication tools like Asana and Zoom are vital for successful remote collaborations.Cloud computing has revolutionised how data is accessed and shared, supporting remote work efficiency.Remote work has transformed from a niche concept to a fundamental aspect of the modern employment landscape. Five years ago, jobs that allowed remote work were scarce, with most roles demanding office presence. Today, a plethora…