Author: Sam Allcock

In a strategic shift, Yoox Net-A-Porter (YNAP) is retreating from the Chinese market to concentrate on more profitable areas, reflecting broader challenges in the luxury sector.The Net-A-Porter platform, introduced in China in 2013, departs amidst a strategic pivot by its parent company, Richemont, aiming for regions with higher returns.The termination of the strategic partnership with Alibaba further signifies YNAP’s shift, as confirmed by Fengmao’s CEO, Yating Wu, last week.The exit decision is influenced by declining demand from Chinese consumers, mirroring challenges faced by major luxury brands like Gucci and Burberry.Richemont’s move occurs as it seeks new ownership for YNAP following…

The independent menswear store Aphrodite in Sunderland is set to close its doors after three decades of trading.Aphrodite was founded in 1994 by Duncan and Andrew McKenzie, initially offering high-end fashion for young men.The store, which expanded from 500 sq ft to 4,284 sq ft, currently hosts a range of international brands.The closure follows the acquisition of Aphrodite and other boutiques by Frasers Group, including John Anthony and Zee & Co.Frasers Group has been active in reshaping its acquired retail spaces, with some closures and ongoing operations.The longstanding independent menswear retailer, Aphrodite, located in Sunderland, is preparing to close after…

The Austrian lingerie brand Wolford appoints Regis Rimbert, a former chief commercial officer, to the position of CEO.Rimbert steps into his role on 14 June, following more than a decade since his last tenure with the company.Silvia Azzali, Wolford’s recent CEO, exits for personal reasons after a brief tenure.Rimbert’s rich experience includes leadership positions at luxury brands such as Prada and Christian Dior.Under the ownership of Fosun’s Lanvin Group, Wolford aims to become a significant growth engine.Regis Rimbert officially assumes the role of CEO of Wolford on 14 June, marking his return to the company after an eleven-year absence. During…

The Labour Party has unveiled its manifesto, promising significant reforms for fashion retail ahead of the upcoming general election on 4 July.One major proposal is to replace the current business rates system with a fairer alternative aimed at encouraging high street investment.Retail crime will be addressed with new offences specifically protective of shopworkers, tackling lenience in existing penalty thresholds.Labour commits to enhancing youth employment opportunities, ensuring access to training, apprenticeships, job search support, and work experience.A shift in trade agreements is planned, seeking alliances with India and the Gulf, yet refraining from rejoining the EU single market.The Labour Party has…

Walker Foster Solicitors commemorate their 105th anniversary by organising a charity walk.The firm raised £700 to support The Principle Trust, aiding underprivileged children.Over 37,000 steps were logged by participants on their journey from Skipton to Silsden.The event strengthens Walker Foster’s ongoing partnership with The Principle Trust.The Principle Trust has provided respite holidays for over 5,000 children since 2011.In celebration of a significant milestone, Walker Foster Solicitors chose a unique way to mark their 105th anniversary. They traded their professional attire for walking boots to take part in a charity walk aimed at raising funds for The Principle Trust, an organisation…

As technology evolves, so do the manners surrounding its use, including communication via phone.A recent survey highlights that 92% of Britons find eating during calls unacceptable.Younger generations display more flexibility regarding call timings and etiquette.Gender influences perceptions of acceptable call times, with men being more lenient about early morning calls.Experts suggest maintaining courtesy through greetings and undivided attention during calls.The evolution of phone etiquette has sparked significant interest, highlighting that certain behaviours may no longer align with modern expectations. A YouGov survey involving 2,000 British adults identified a resounding 92% who find eating or chewing during a phone call inappropriate.…

In a significant move by the UK high street, a major retailer has pledged to keep school uniform prices unchanged for the fourth consecutive year. This commitment comes amid growing economic concerns among families ahead of the back-to-school season.Since 2021, the retailer has maintained the prices of key school uniform items, offering parents financial predictability.The company is set to introduce a 20% early-bird discount starting 2 July, providing further savings opportunities.Over 100 stores nationwide will also feature products from well-known third-party brands, expanding parents’ shopping choices.New dedicated school uniform advisers in more than 120 stores reflect a £1 million investment…

Recent studies reveal growing dissatisfaction among employees towards hybrid work policies.A significant 20% of workers consider quitting due to dissatisfaction with current hybrid work setups.UK companies find it challenging to balance productivity and employee adaptability in hybrid environments.Many organisations lack the necessary digital tools and training to support effective hybrid work.A substantial portion of employees feel overwhelmed by the sheer number of productivity applications.Recent data reveal that a notable 20% of employees are contemplating leaving their jobs because of dissatisfaction with hybrid work policies. According to Lucid Software’s Hybrid Workplace Whiplash survey, the failure to implement suitable digital tools has…

A recent report exposes growing burnout among UK workers, highlighting alarming levels of mental and physical exhaustion.Around 44% of UK workers report feeling exhausted at the end of their workday, primarily due to excessive workloads.AI is perceived to offer potential benefits in various industries, with positive sentiments from 31% of surveyed workers.Younger employees and managers are showing a keen interest in upgrading their AI skills, particularly for healthcare applications.A significant gap exists in awareness about Employee Assistance Programs, affecting employee mental health scores.In a concerning revelation, 44% of the UK’s workforce is experiencing significant exhaustion by the end of their…

Superdry has taken a decisive step towards securing its future by gaining overwhelming support from its creditors.A significant 99% of creditors have voted in favour of Superdry’s proposed restructuring plan, a critical endorsement for the fashion retailer.This plan includes crucial measures such as rent reduction for struggling stores and a potential equity raise from the CEO, Julian Dunkerton.Shareholders are set to vote on these pivotal changes, including the firm’s delisting from the stock market, in an upcoming meeting.The High Court is expected to review the restructuring proposal following these essential votes, marking a busy period for the company.Superdry has achieved…