Recent research reveals significant tensions between managers and business leaders.Two-thirds of managers feel leadership prioritises profits over employee welfare.A perceived lack of support and tools impacts manager capability and morale.Managers express frustration over unmet expectations and communication gaps.There is a call for improved alignment and support from business leaders.Recent findings from Perkbox Vivup Group indicate a growing rift between managers and business leaders, with 60% of managers perceiving a disconnect in priorities. As leaders navigate a challenging economic climate, many managers feel their concerns about employee engagement and welfare are overshadowed by a focus on profitability.A substantial 66% of British…
Author: Scott Dylan
Scott Dylan is the Founder of NexaTech Ventures
Prada plans a significant expansion in Hong Kong, marking a new chapter for the brand in the city.Prada is set to open an 8,000 sq ft store at K11 Musea, Hong Kong.This move follows years of downsizing within the company, including closing a flagship store in 2020.The luxury brand is expanding amid challenging market conditions and a reported sales decline for other top brands.Prada’s investment in production capacity and job creation highlights its growth ambitions.Prada, the renowned Italian luxury fashion brand, has announced plans to launch a new store in Hong Kong, signifying its first major expansion in the region…
Ted Baker, a cornerstone in high street fashion, may close all its stores within weeks, sparking concerns over its future.The brand currently operates 46 stores in the UK and Europe, employing 975 people.Reports indicate that plans are underway to close all stores following administration struggles.The brand, acquired by Authentic Brands Group in 2022, has already seen significant store closures this year.Ted Baker’s history spans from its beginnings in Glasgow to a global presence by 2014.Ted Baker, once a prominent figure in the high street fashion industry, is reportedly on the brink of closing all of its stores within the next…
JD Sports has entered a consultation phase regarding potential job cuts at its Derby warehouse, signalling possible changes ahead for its workforce.The company is conducting a review of its Derby Commercial Park facility, which was leased in 2021, though no final decisions have been made.Approximately 200 employees are at risk of redundancy, with a conclusion to the consultation expected by September 6.JD Sports’ Rochdale distribution centre remains unaffected by these proceedings.Despite facing a challenging market, JD Sports anticipates a profit increase for the fiscal year 2025.JD Sports, a leading retailer, is currently undertaking a review of its warehouse operations located…
THG is implementing significant operational changes as it mandates a return to office for employees and announces potential redundancies.The Hut Group (THG) is requiring its staff to work from the office five days a week, reversing earlier flexible working arrangements.Up to 171 job cuts are anticipated, spanning six divisions, including the beauty and nutrition sectors.Following a strategic partnership with Frasers Group, THG outlines a restructuring plan aimed at enhancing operational efficiency.The changes are driven by a need to maintain growth and profitability following significant financial losses.The Hut Group (THG), in a decisive move, has instructed its workforce to resume in-office…
In the face of ongoing financial pressures, UK employees are increasingly seeking assistance from their employers to manage daily expenses.A significant 54% rise in employer-provided supermarket voucher use was recorded between June 2023 and June 2024.Employees are heavily relying on vouchers to alleviate the high costs of groceries amid the enduring cost-of-living crisis.Supermarket redemption data reflects substantial increases: 69% for Asda, 45% for Tesco, and 33% for Morrisons.Despite reduced inflation headlines, essential goods prices remain steep, demanding ongoing employer intervention.In an era where financial pressures persist, UK employees have turned more towards their employers for support in managing daily costs.…
Bershka has reimagined its prominent London location, signalling a fresh start for its Oxford Street establishment. The brand, renowned for staying ahead in fashion, has undergone a significant transformation, reflecting both architectural and artistic innovation. With a focus on enhancing the shopping experience, the store now better integrates with its distinctive surroundings. Visitors can expect a unique blend of fashion and art.The revitalisation of Bershka’s Oxford Street flagship presents a bold new chapter for the Spanish fashion retailer. Spanning 13,401 square feet, the store extends over three floors, each dedicated to Bershka’s distinct collections: Bershka, Man, and Bsk. This strategic…
Sergio Rossi, a notable Italian luxury brand, has announced Paul Andrew as its new Creative Director.Paul Andrew, previously at Ferragamo, brings a wealth of experience in footwear design.Andrew began his journey in fashion at Berkshire College, showcasing talent at London’s Graduate Fashion Week.He has a storied career, including a significant award from the CFDA and Vogue Fashion Fund.Andrew is set to bring innovation while respecting Sergio Rossi’s heritage.Sergio Rossi, the esteemed Italian luxury footwear and accessories brand, has made a significant appointment by naming Paul Andrew as its new Creative Director. The news marks a new chapter for the brand…
Balancing work and parenting is a significant challenge for many.Ergonomic baby gear supports parents in improving their efficiency.Products like travel pushchairs and double strollers are essential.These designs ease both physical and psychological burdens for parents.Choosing the right baby gear can enhance work-life balance.Balancing professional responsibilities with parenting duties is a considerable challenge for many working parents. The transition from being at home to a workplace requires efficiency and flexibility. The right baby gear, with ergonomic designs like travel pushchairs or double strollers, plays a pivotal role in enhancing productivity and relieving stress for parents on the move.Ergonomic baby products, specially…
French luxury giant LVMH reports a slight decline in revenue and a notable decrease in profits for the first six months of 2024, reflecting broader economic challenges.LVMH’s revenue reached €41.7bn, marking a 1% year-on-year decline, amidst the continuing luxury market slowdown.Profits from recurring operations at the group diminished by 8% to €10.6bn, with net profits dropping 14% to €7.3bn.Despite challenges, Europe and the US markets grew, and Japan achieved double-digit growth, offsetting weaker Chinese demand.Fashion, leather goods, perfumes, and cosmetics sectors recorded modest growth, highlighting LVMH’s diversified strength.For the first half of 2024, LVMH recorded revenues of €41.7bn, representing a…