Author: Sam Allcock

Cornish clothing brand, Seasalt, has successfully achieved B Corp certification, scoring 100.2.B Corp certification requires an extensive assessment covering governance, environment, and community impact.Seasalt’s score exceeded the required minimum by over 20 points, highlighting their commitment to sustainability.B Corp status provides a framework for continuing improvement and impact creation across Seasalt’s operations.CEO Paul Hayes reaffirms the brand’s dedication to progress and future initiatives.Cornish clothing brand Seasalt has recently become a certified B Corporation, achieving a remarkable score of 100.2, which surpasses the minimum requirement by more than 20 points. This accomplishment underscores Seasalt’s strong adherence to the rigorous standards of…

Trouva, an independent marketplace, faces criticism over payment delays to its boutique partners.Numerous retailers report outstanding payments stretching back several months, crippling their operations.Trouva attributes the delays to unforeseen funding issues, affecting over 700 UK and European boutiques.CEO Tom Beverley has issued a personal apology, acknowledging potential further delays in processing payments.Current measures include continuous communication with affected parties and efforts to resume normal operations swiftly.Trouva has come under scrutiny as numerous retailers express their frustration over delayed payments. These boutiques, which make up a significant part of Trouva’s marketplace, have been waiting for payments from previous months, putting financial…

Savage X Fenty has announced its first physical retail presence in the UK at Selfridges.Founded by Rihanna, the brand aims to bring its unique experience to UK and international shoppers.The partnership with Selfridges includes a diverse range of loungewear and lingerie products.Savage X Fenty’s latest Soft N’ Savage collection will be featured.The expansion reflects a strategic move to connect with a diverse customer base.Savage X Fenty, the brand established by renowned singer Rihanna, is set to make its debut in the United Kingdom with its first in-store presence at Selfridges. This retail expansion marks a significant milestone as it offers…

Apple’s Mac Mini might finally come with a new design, but there could be some design trade-offs, according to Mark Gurman of Bloomberg in his “Power On” newsletter. He suggests that the upcoming M4 Mac Mini may drop the USB-A ports in favour of a much smaller chassis design. If recent rumours about the M4 Mac Mini are true, multiple variants of this compact desktop PC are expected, with the M4 Pro variant likely being the most premium. According to Gurman, this model could hit the market as early as October. While the USB-A ports might be removed, it is…

OpenAI’s ChatGPT is one of the world’s most popular generative AI tools, and it has garnered significant attention since its launch in 2022. Now, OpenAI has revealed that ChatGPT has surpassed 200 million active weekly users, and Apple’s iOS 18 is expected to further increase this number. The number of weekly active users has doubled since November last year, with OpenAI confirming to Axios that ChatGPT’s weekly active user count has risen from 100 million to 200 million. According to the company’s data, 92% of Fortune 500 companies are now using OpenAI’s products. Since the launch of GPT-4o Mini, the…

New Delhi, 30th August (PTI): On Friday, investors showed keen interest in sugar stocks after the government approved the use of cane juice and sugar syrup for the 2024-25 ethanol supply year. Shares of Triveni Engineering & Industries rose by 7.62%, Dhampur Sugar Mills by 7.55%, Avadh Sugar & Energy by 7.20%, and Dalmia Bharat Sugar & Industries by 5.79% on the BSE. Shares of Shree Renuka Sugars increased by 5.38%, Praj Industries by 5.33%, Dwarikesh Sugar by 3.77%, and Balrampur Chini Mills by 3.46%. “This surge follows the government’s decision to allow ethanol production from cane juice or syrup,”…

The next major upgrade cycle for Macs is centred around the M4 chip, and according to various reports, it’s set to begin soon. However, not all M4 Macs will be released at once, and since Apple doesn’t follow a strict schedule like it does with the iPhone or Apple Watch, it might be a bit challenging to determine when each Mac will arrive and what kind of upgrades to expect. If the rumours are true, every Mac in Apple’s lineup will receive an update within the next 12 months. Here’s a guide on when each model will get the M4…

Consumer optimism stayed consistent in August, marking stability in economic sentiment.The GfK Consumer Confidence Index held steady at -13, mirroring July’s figure.A notable three-point rise in the Major Purchase Index was observed.Confidence in personal finances saw a modest improvement.However, perceptions of the UK economy declined, breaking a trend since February.The latest figures from the GfK Consumer Confidence Index indicate a steady sentiment among consumers for August, maintaining an overall score of -13 — unchanged from July. This plateau suggests a period of stabilisation in consumer outlook amidst the current economic conditions.While the index as a whole showed no movement, distinct…

JD Sports projects substantial revenue growth from the US market, aiming for 45% contribution by 2025.Current JD Sports revenue comes mainly from the UK and Europe, but focus is shifting to the US.CEO Régis Schultz hints at potential expansion into South America along with the US growth strategy.Recent financial results show a steady increase in both like-for-like and organic sales for JD Sports.The company remains optimistic about future growth despite volatile market conditions.JD Sports is setting its sights on significant expansion in the United States, with CEO Régis Schultz expressing an ambition for the US market to represent 45% of…

TJX Companies, owner of TK Maxx, raised its annual profit forecast.Retail sales exceeded expectations with a net sales report of $13.47bn (£10.30bn).The share price of TJX rose by 5% following this financial announcement.An 8% increase in net sales was reported for the second quarter ending 29 July 2023.TK Maxx in the UK operates around 350 stores since its launch in 1994.TJX Companies, the parent company of TK Maxx, has announced an adjustment to its profit forecast for the year, reflecting a positive outlook on its financial performance. Notably, retail sales for the quarter ending 3 August reached $13.47bn (£10.30bn), surpassing…