Author: Sam Allcock

Elliott Hill, a seasoned Nike veteran, is set to return as CEO.Hill will replace John Donahoe, who retires as CEO this October.Having begun his career at Nike as an intern, Hill’s journey spans decades.Hill expresses enthusiasm to rejuvenate brand partnerships and innovation.Nike reports revenue of $51.4bn with profit growth despite competition.Elliott Hill, a long-standing figure in the sportswear sector, is making his return to Nike in a prominent position as CEO. This move follows his earlier departure in 2020, marking a significant leadership reshuffle at the company. Hill will officially step into his new role on 14 October, succeeding John…

Overnight Glasses has recently conducted a study to identify the states where parcels are most likely to be delayed. To achieve this, several key factors that contribute to delivery delays were analyzed, including the volume of online searches related to delayed or lost packages, the performance of the United States Postal Service (USPS) in each state, and the freight flow per capita, which reflects the logistical burden on the state’s delivery infrastructure. North Dakota is at the top of the list with an index of 61.9. The state experiences a freight flow of over $277 million for its 783K population,…

One of the “Big Four” accounting firms revealed this week that they will begin monitoring the locations from which its UK employees log in, aiming to gain better oversight of hybrid working practices. This comes shortly after Amazon announced they are hoping to reintroduce employees to return to office work five days a week as they end their hybrid policy. As companies navigate a rapidly changing business landscape post-Covid, will closely monitoring devices and a return to full-time office create a lack of trust between employees and bosses? Or will it create more productive workers? Guy Thornton, Founder of Practice Aptitude…

Farmfoods’ Solihull distribution centre workers to initiate a two-day strike.The strike is driven by disputes over pay, working conditions, and union rights.GMB Union reports a 15% drop in work rates amid the campaign.Around 100 employees are expected to join the strike action.Farmfoods management has yet to respond to union demands.Workers at Farmfoods’ Solihull distribution facility are set to embark on a two-day strike, scheduled for Tuesday 24 and Wednesday 25 September, amid ongoing disputes centred on pay, working conditions, and union recognition. The GMB Union, representing the employees, has indicated a significant decline in work productivity, allegedly exceeding 15%, as…

Deliverect has ushered a significant change in the grocery sector.One Stop, a leading convenience retailer, has witnessed a doubling of its sales.The integration of Deliverect Retail has streamlined order and delivery processes.Notable improvements include a broadened product range and enhanced order accuracy.The online shopping trend accelerated by the pandemic is shaping future retail strategies.Deliverect, a global leader in food technology, has expanded its innovative order and delivery solution to the grocery sector. With early adopters such as One Stop, the company is digitising the whole grocery process, enabling retailers to manage orders and catalogues centrally while tracking real-time sales performance.…

The UK government has indefinitely delayed the introduction of ‘Not for EU’ labels on food products.Initially intended for implementation by 1 October, the stickers were aimed at post-Brexit UK market.Northern Ireland requires these labels for meat and dairy products, which stirred industry debate.Food and drink sector expressed concerns over additional costs and administrative burden.Post-Brexit checks on EU-imported produce have also been postponed till July 2025.The UK government has decided to indefinitely postpone the introduction of ‘Not for EU’ labels on meat, fish, and dairy products intended for sale within the country. Originally slated for rollout on 1 October, this decision…

John Lewis unveils a nostalgic advertising campaign reflecting its historic price pledge.The campaign marks the return of the ‘Never Knowingly Undersold’ promise.Set across decades, the ad features archival and new footage.Directed by King She, the first of a trilogy prepares the brand for Christmas.Narrated by Samantha Morton, the ad echoes John Lewis’s hundred-year legacy.John Lewis, a revered retailer, has embarked on a captivating marketing journey by reviving its historical ‘Never Knowingly Undersold’ promise. This campaign, the brainchild of Saatchi & Saatchi, seeks to strengthen the brand’s connection with its consumers by bringing its storied past to the forefront.The initiative launches…

The leadership of Asda undergoes a significant change as Mohsin Issa steps down from his executive role.Stuart Rose takes over executive responsibilities alongside Rob Hattrell until a permanent CEO is appointed.Issa will remain as co-owner and board member, but daily operations transition to the new team.The leadership shift follows Rose’s candid remarks on Asda’s recent performance challenges.The new team faces the task of reversing Asda’s market share decline and operational hurdles.Asda’s leadership is witnessing a substantial transformation with the decision of co-owner Mohsin Issa to step down from his executive duties. Sir Stuart Rose, alongside TDR Capital’s Rob Hattrell, will…

THG is actively considering options to demerge its Ingenuity platform as part of its strategic realignment.The company’s interim results show a revenue decline of 3.6%, but a growth in adjusted EBITDA.Frasers Group has agreed to acquire Coggles, integrating with THG’s Ingenuity services in Australia.HMRC has approved tax structuring for the potential demerger, though no timeline is set.THG’s strategy focuses on enhancing shareholder value, with further shareholder details forthcoming.THG, previously known as The Hut Group, has announced its intention to explore a demerger of its Ingenuity ecommerce service. This announcement is aligned with their newly adopted strategy aimed at maximising shareholder…

Mohsin Issa transitions away from Asda leadership to focus on EG Group.Asda’s chairman, Stuart Rose, and board director, Rob Hattrell, assume Issa’s responsibilities.Rose expresses gratitude for Issa’s contributions to Asda, highlighting key achievements.Issa remains involved with Asda as co-owner and non-executive board member.The search for Asda’s new CEO continues amidst leadership changes.Mohsin Issa has made the decision to step back from his executive leadership role at Asda. This move allows him to focus on his role as the sole CEO of EG Group, a position that was previously announced. As he transitions, Asda’s chairman, Stuart Rose, alongside TDR Capital partner…