Author: Scott Dylan

Scott Dylan is the Founder of NexaTech Ventures

Viral shopping hauls on social media are significantly affecting retail returns, with billions of pounds worth of clothing being sent back annually.Social media platforms, especially TikTok, are encouraging trends where users seek advice on keeping or returning fashion purchases, leading to increased returns.A significant portion of these returns comes from ‘serial returners’ who frequently over-order with the intent to return most items.New data reveals that the phenomenon is placing a substantial financial burden on UK retailers, impacting profitability.Retailers are responding by implementing measures such as return fees to curb excessive return behaviours.In recent years, social media-driven ‘shopping hauls’ have emerged…

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In a significant legal ruling, the High Court has determined that it does not possess the jurisdiction to grant a protective injunction on behalf of claimants against a defendant’s harassment of their lawyers. This decision arises from the case involving Titan Wealth Holdings and its associates against former employee Marian Atinuke Okunola.Previously, the High Court had provided an interim injunction to the claimants, preventing Ms Okunola from harassing employees and spreading confidential information. Furthermore, this injunction obligated her to return any disseminated materials. However, Ms Okunola’s repeated breaches led to her being held in contempt by Mr Justice Chamberlain, resulting…

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The budget of the Solicitors Disciplinary Tribunal (SDT) is set to rise significantly next year due to a marked increase in cases referred by the Solicitors Regulation Authority (SRA).The Legal Services Board (LSB) is scheduled to review and approve the proposed 25% budget increase, elevating it from £2.5 million to £3.1 million for 2025. This adjustment is essential to accommodate the SDT’s requirement for 300 sitting days, an increase from the 260 days allocated in the 2024 application. This surge correlates with a 50% escalation in case referrals from the SRA over the past eight months.However, when placed in historical…

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The transformation of the former Denton Baths site into affordable housing is underway.Following demolition in 2020, the site remained unused until now.Collaborate Living Ltd and Irwell Valley Homes to build 35 affordable homes.Community input altered the initial proposal, reducing it to a three-storey building.The development aligns with local housing needs and sustainable goals.The site of the former Denton Baths, which has stood vacant since its demolition in 2020, is set to be transformed into an affordable housing complex. Efforts by local swimming groups to preserve the baths were unsuccessful, resulting in their relocation to Tameside Wellness Centre.Developers Collaborate Living Ltd…

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JoJo Maman Bébé announces a leadership change as Mark Wright is set to become the interim CEO.Mark Wright, former COO of FatFace, will step in following the departure of current CEO Gwynn Milligan.Wright’s extensive experience includes overseeing significant transitions at FatFace.With a start date at the end of October, this change is on the horizon for the mother and baby brand.Wright expresses gratitude to former colleagues and readiness for his new role.In a notable leadership shift, JoJo Maman Bébé is preparing for the arrival of Mark Wright as interim CEO. Wright, who brings with him substantial expertise from his time…

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The TikTok Shop is reshaping the landscape of online retail with its unique blend of content and commerce.With 348 million users in the US and Europe, TikTok heavily influences shopping decisions, with 83% of users admitting its impact.Businesses must adapt to TikTok’s seamless integration of content and commerce to connect with potential buyers effectively.Experts from TikTok and ShipBob are providing valuable insights into leveraging TikTok for social selling success.The webinar offers strategies to optimise product listings and enhance order fulfilment efficiency.The TikTok Shop is making waves in the online retail sector by transforming how businesses approach sales. With a staggering…

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Amidst rising uncertainty, the UK tech sector is increasingly anxious about potential Capital Gains Tax (CGT) increases before the Autumn Budget.Leading audit firm Blick Rothenberg warns of risks to the UK fintech ecosystem due to potential tax changes.A letter from 66 fintech leaders raises fears of a talent exodus if CGT is increased, highlighting sector concerns.Confusion over tax policies, exacerbated by political events, contributes to a tense atmosphere for UK start-ups and founders.Despite these challenges, a recent announcement of £63 billion in investment offers a glimmer of hope for the sector.The UK tech sector is experiencing heightened anxiety over potential…

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N Brown Group is undergoing significant organisational changes, resulting in job losses at its Manchester headquarters.Over 100 roles are expected to be cut as part of a strategic transformation.The company aims to return to sustainable growth by restructuring its workforce.The job cuts are part of a broader review to unlock business potential.Despite the reductions, N Brown remains committed to exceptional customer service.N Brown Group has announced a substantial reduction in its workforce, affecting more than 100 roles at its head office in Manchester. This move comes as the company embarks on a transformative journey to reposition itself for sustainable growth.…

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N Brown Group has announced its intention to implement job cuts at their Manchester headquarters as part of a strategic move ahead of a significant organisational shift.A consultation process is in progress involving approximately 200 employees, with expected redundancies affecting diverse roles from buying to logistics.Despite the challenging decisions, N Brown is committed to fulfilling its legal duties and maintaining an exceptional customer experience.The restructuring comes in conjunction with a £191m takeover by Joshua Alliance, reflecting on the company’s current market position.As part of its transformation, the company is dedicated to supporting its employees throughout the transition period.N Brown Group…

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In a significant development in the retail sector, N Brown faced a takeover proposal from the Very Group before agreeing to a family-led buyout.Very Group approached N Brown with a preliminary acquisition offer.This proposal came just before N Brown’s acceptance of a deal from its founding family.The market responded to the recommended £191 million offer, boosting N Brown’s shares by 40%.Frasers Group supported the Alliance family’s acquisition, foreseeing a strategic relationship.In an unfolding event within the retail sector, N Brown was approached by the Very Group with a preliminary offer before the company consented to a take-private transaction orchestrated by…

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