Author: Scott Dylan

Tesco is enhancing its 2024 Christmas delivery services with increased capacity and new strategies.Thousands of additional delivery slots are now available in the lead-up to Christmas.Sixty new delivery vans have been added to Tesco’s fleet to meet increased demand.Tesco’s rapid delivery service, Whoosh, sees expanded capacity with extra slots on Christmas Eve.Early slot access is offered to Delivery Saver members, with public access starting earlier than last year.Tesco is bolstering its Christmas delivery options for 2024 by offering thousands more slots in the two weeks before Christmas. This move aims to accommodate the heightened demand during the festive period, allowing…

Bar and restaurant chain Loungers is set to open 18 new branches in the coming six months amid rising sales and consumer confidence.The company, originating in Bristol, currently operates 273 eateries across the UK under brands including Lounge, Cosy Club, and Brightside.Loungers recently reported a 4.7% like-for-like sales growth and a total revenue increase of 19.2% compared to the previous year.The company has successfully reduced its non-property net debt by £2.1 million, standing at £12.2 million for the period ending October 6, 2024.Loungers’ newly opened Ritorno Lounge in Bristol celebrated the best launch in the group’s history.In a significant move,…

Tesco and Sainsbury’s are making significant gains in the grocery market as Asda struggles.Tesco has achieved its largest market share since December 2017, increasing to 28%.Sainsbury’s market share has grown by 0.4 percentage points, reaching 15.2%.Asda’s market share has dropped by 1.1 percentage points, now standing at 12.6%.Asda’s challenges include debt issues and IT infrastructure separation.Tesco and Sainsbury’s have strengthened their positions in the competitive grocery market at the expense of Asda, which has seen a decline in its market share. Britain’s largest supermarket, Tesco, reported an increase in its market share to 28% from a previous 27.4%, the highest…

The UK’s journey towards net zero faces fiscal challenges, prompting the CBI to propose significant tax cuts for green technology firms.The CBI advocates for reducing corporation tax for electric car and heat pump firms from 25% to 10%.An innovative ‘green innovation credit’ with a 40% tax relief is proposed to boost low carbon tech R&D.The business group also suggests a ‘green super-deduction’ at a 120% rate for EV and battery factories.These proposals aim to attract global investment and bolster the UK’s green technology landscape.The Confederation of British Industry (CBI) has made a compelling case for slashing the corporation tax rate…

Shein, a Chinese e-commerce leader, significantly increased its UK market presence, nearly doubling sales in anticipation of a London IPO.The company reported a 40% jump in revenues, achieving a total turnover of £1.6bn, solidifying its position among top UK e-commerce firms.Shein’s operational expansion in the UK is highlighted by its new Manchester office, underscoring its strategic growth intentions.The firm’s impending London IPO marks a strategic shift from its initial US listing plans due to political climate considerations.Concerns have been raised about Shein’s supply chain ethics, prompting calls for stricter regulations regarding product origins.Shein’s UK operations have seen remarkable growth, with…

The evolution of retail is increasingly reliant on the efficiency of logistics.Controlling costs is a prevalent challenge for retailers amid inflation and erratic demand.Adapting to dynamic demand is essential due to unpredictable social media trends.Customer satisfaction is closely tied to the robustness of logistical operations.Sustainable practices in logistics are becoming imperative due to regulatory pressures.In the rapidly evolving landscape of retail, one aspect is becoming evidently crucial: logistics. The ability to efficiently manage logistics operations is now seen as the backbone of future success. With the growing expectations for swift deliveries and seamless return processes, coupled with the intricacies introduced…

Saudi Arabia’s Public Investment Fund (PIF) has acquired a substantial 40% stake in Selfridges, partnering with Thailand’s Central Group.This acquisition ends the period of uncertainty following the collapse of the previous stakeholder, Signa, due to fraud investigations.The deal strategically enhances PIF’s investment portfolio by increasing its stake from 10% to 40%, aligning with Saudi Arabia’s diversification goals.Central Group will maintain a 60% majority stake, ensuring its continued leadership in Selfridges’ properties and operations.The acquisition includes new investments focused on debt reduction, amid Selfridges’ recent financial losses.In a strategic move, Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in…

Saudi Arabia’s Public Investment Fund (PIF), in partnership with Thailand’s Central Group, has acquired a 40% stake in the iconic British retail group Selfridges.The acquisition ends months of uncertainty surrounding the retailer’s future, following the collapse of previous owner Signa due to a fraud investigation involving Rene Benko.Central Group now holds a 60% majority stake in Selfridges, marking a significant increase in control for the family-owned conglomerate.This strategic acquisition aligns with Saudi Arabia’s broader efforts to reduce reliance on oil by expanding international investments.The partnership aims to strengthen Selfridges’ financial position with new investments focusing on debt reduction and growth.The…

The Federation of Small Businesses (FSB) warns Chancellor Rachel Reeves against considering tax increases that could hinder entrepreneurship and economic growth.The FSB highlights concerns that raising capital gains tax may deter business formation and expansion.Entrepreneurs currently benefit from a 10% CGT rate on gains up to £1 million, which supports risk-taking.The FSB urges maintenance of current tax relief while also suggesting measures to reduce employment costs.The Confederation of British Industry (CBI) echoes calls for a budget that supports growth through strategic reforms.The Federation of Small Businesses (FSB) has expressed concerns about potential tax policies that may impede the UK’s economic…

TGI Fridays in the UK has undergone significant restructuring, resulting in major changes for its workforce.Despite a private equity rescue plan saving 51 restaurants, 35 branches closed, and 1,012 jobs were lost.Staff at closed locations faced abrupt notices, often informed of redundancies through brief video calls or messages.The treatment of affected employees has drawn criticism from trade unions, citing poor pay and lack of compensation.Private equity owners plan to modernise the business amid a challenging UK dining sector.The recent acquisition of TGI Fridays by private equity entities Breal Group and Calveton has led to swift changes within the UK branch…