Author: Scott Dylan

AllSaints, a renowned fashion brand, reports a record-breaking financial performance for the third consecutive year.Operating profit soared by 40% to reach £39.9 million, while EBITDA climbed 18%.Total group sales saw a modest increase, with a 0.6% rise bringing the total to £459.5 million.The brand achieved this success by reducing promotional activities and expanding wholesale, franchise, and licensing channels.New product launches, technological investments, and a strategic focus on global expansion underpinned the brand’s growth.AllSaints, a prominent fashion retailer, has announced another year of exceptional financial achievements, marking its third consecutive year of breaking records. The brand’s operating profit surged by 40%,…

Waitrose has rolled out a substantial price reduction initiative, infusing an additional £10m to lower prices on nearly 250 products within its premium ranges.The initiative targets a variety of products, with reductions seen in both the No.1 and Duchy Organic ranges, including dairy, baked goods, and meats.Products benefiting from price cuts include popular items such as No.1 Vintage Cornish Cheddar, reduced from £3.35 to £3, and Duchy Organic Basmati Rice, now £3, down from £3.40.This marks the sixth price reduction campaign Waitrose has embarked on since February 2023, taking their total investment in price reductions to £140m.Waitrose’s commercial director, Charlotte…

Praxis has announced significant leadership additions, showcasing its commitment to enhance growth.Andrew Robinson joins as Managing Director – Capital Markets to fortify investment strategies.Rosamund King becomes Chief People Officer to drive strategic HR initiatives.These appointments aim to leverage extensive experience for business expansion.Praxis is poised for growth with over 100 professionals across its UK offices.Praxis, a prominent UK real estate platform, has strategically expanded its senior team to bolster its leadership capabilities. The company has appointed Andrew Robinson as Managing Director – Capital Markets, and Rosamund King as Chief People Officer. These moves align with Praxis’ goal of strengthening its…

A revolutionary AI testing facility has opened in Stockport, leveraging cutting-edge Nvidia technology.Vespertec’s facility is the first in Europe to incorporate Nvidia’s grace hopper architecture.The lab provides a remote-access Test Drive Programme for developers to evaluate AI technologies.Vespertec aims to simplify the adoption of new technologies with this initiative.The UK government has recognized data centres as critical national infrastructure.A new artificial intelligence facility has been launched in Stockport, integrating advanced Nvidia technology. This site is poised to revolutionise AI development and testing within the region.Notably, Vespertec’s facility is the inaugural European site featuring Nvidia’s grace hopper architecture and the SN5600…

Umar Kamani and Naomi Campbell have joined forces to launch a new agency in Dubai.The agency, KC Global Partnerships, aims to bridge talents, brands, and celebrities.Former PrettyLittleThing PR head Amy Simon joins as Director of PR.Sufeena Hussain steps in as Partnerships Director, bringing over 20 years of expertise.This initiative follows Kamani’s recent return to PrettyLittleThing.Umar Kamani and Naomi Campbell have collaborated to establish a promising new endeavour in Dubai. In a move poised to make waves across the talent industry, they have launched KC Global Partnerships. Based at the prestigious Dubai Hills Business Park, the agency is set to open…

Mayor Sadiq Khan has announced plans to pedestrianise London’s iconic Oxford Street, aiming to revitalise the area as a premier shopping destination.Previous debates on pedestrianisation faced opposition from Westminster Council, primarily over re-routing public transport.The Deputy Prime Minister’s expected approval will empower the creation of a mayoral development area to implement the project.Recent reports noted Oxford Street’s numerous vacant units, suggesting a need for increased footfall and financial rejuvenation.Oxford Street continues to experience high visitor numbers despite setbacks from the pandemic and store closures.Mayor Sadiq Khan has unveiled ambitious plans to pedestrianise London’s Oxford Street, a move designed to revitalise…

Leaders in the charity and education sectors are set to gain valuable insights through a series of free breakfast briefings hosted by Rollits LLP.The sessions will cover critical issues, including managing serious incidents and social media challenges.Gerry Morrison and Harriet Wheeldon will spearhead the charity-focused briefings with practical advice.Education briefings will include discussions on governance and social media led by legal experts.A session on promoting positive approaches to menopause will conclude the series.Rollits LLP is hosting a series of breakfast briefings aimed at providing leaders in the charity and education sectors with important insights. These sessions, to be held at…

As Black Friday 2024 nears, retailers are urged to outpace competition through strategic planning.The emphasis this year is on surpassing rather than following market trends to gain a competitive edge.A comprehensive calendar has been released, outlining over 75 essential tasks for the Black Friday campaign.Insights include tailored campaign suggestions based on audience, channel, and timing to maximise impact.Loyalty strategies are highlighted as pivotal for sustained growth beyond the Black Friday weekend.As Black Friday 2024 approaches, the focus for retailers is shifting towards crafting strategies that not only meet but exceed market expectations. In a landscape where competition is intensifying, success…

Amazon has made a decisive shift in its work policy by abolishing hybrid arrangements, requiring staff to return to office roles fully from January.CEO Andy Jassy announced the decision, aiming to return to pre-COVID office operations.Amazon believes that full-time office presence enhances invention, collaboration, and connectivity among staff.The policy does allow for home working in exceptional situations, such as emergencies or illness.This decision follows previous measures allowing managers to dismiss those not complying with a minimum three-day office requirement.Amazon has recently declared a substantial change in its employment policy, scrapping the hybrid working model and mandating employees to be present…

The Very Group introduces the Very Media Group, reshaping retail media.Partnering with SMG, this initiative leverages a vast customer base and creative skills.A unique data mix offers brands detailed insights into customer behaviour.Jessica Myers highlights the brand access that will be enabled by the platform.The collaboration includes Criteo’s platform and plans to broaden advertising strategies.The Very Group has launched an innovative retail media network named the Very Media Group. This move represents a new approach to retail media, utilising its digital prowess and large customer base. Partnering with SMG, an independent retail media operator, the group aims to provide an…