Author: Scott Dylan

Morrisons has reported a 2% increase in sales during the third quarter.From 29 April to 28 July, sales reached nearly £4bn, driven by strategic initiatives.The retailer improved availability through AI-powered systems across 400 stores.Significant investment in the More Card programme enhanced customer loyalty.Morrisons has stabilised market share amidst a softer market environment.Morrisons, a prominent UK supermarket chain, has announced a modest yet noteworthy 2% increase in sales for its third quarter, highlighting a focus on strategic growth areas. This growth, which took place between 29 April and 28 July, saw the retailer’s sales approaching £4 billion as it concentrated on…

Industry bodies are advocating for a change in how the UK fashion industry handles product lifecycle costs.A white paper recommends variable fees under the Extended Producer Responsibility (EPR) to enhance sustainability.This proposal has garnered support from multiple fashion organisations and brands.The initiative aims to alleviate environmental impacts by incentivising eco-friendly product designs.Experts argue these changes are crucial for progress in sustainability and recycling practices.A collective of industry bodies is rallying for a transformative shift in how costs are managed within the UK fashion sector’s product lifecycle. They propose a variable fee structure under the Extended Producer Responsibility (EPR), as outlined…

Selfridges partners with Criteo to launch sponsored products.The partnership with Criteo aims to offer a personalised shopping experience.Access to luxury shopper data enables targeted customer engagements.Selfridges’ digital director highlights the importance of customer experience.Criteo’s focus is on enhancing the luxury customer experience.Selfridges has formed a strategic alliance with adtech company Criteo by introducing sponsored products on its online platform. This initiative marks a significant step as Selfridges ventures into personalised retail media by using Criteo’s technology to enhance customer experience and engagement on its website.The two-year partnership with Criteo is designed to leverage access to Selfridges’ affluent shopper demographic, aiming…

Aurrigo, a Coventry-based company, is preparing for a substantial increase in demand for its autonomous baggage handling vehicles, following notable financial growth.The company anticipates a remarkable 450% rise in revenues from its autonomous division by year-end, reaching £3 million.Aurrigo is expanding its manufacturing capabilities in the UK and exploring outsourcing opportunities in the US and Asia.CEO David Keene highlighted a strong global market potential, especially in over 600 airports worldwide.Aurrigo has opened an office in Cincinnati to support its American market expansion.Aurrigo, located in Coventry, is poised to capitalise on the growing demand for autonomous baggage handling vehicles. The company’s…

The rise in popularity of non-alcoholic beverages has sparked curiosity and concern among parents.Many are wondering if it’s safe for children to consume these drinks, especially given their similarity to traditional beer.Non-alcoholic beer, often marketed as a healthier alternative, still contains trace amounts of alcohol. Typically, the alcohol content is less than 0.5%, which is significantly lower than traditional beer, but it’s not completely free of alcohol. This small amount raises questions about whether it’s appropriate for children to consume.The potential health implications of children consuming non-alcoholic beer are not fully understood. Some experts argue that the low alcohol content…

Cambridge-based biotech company Pact has raised £9m in seed funding.The funding will support the establishment of a 13,820 sq ft lab in Cambridge.Pact specialises in developing nature-inspired biomaterials, notably a leather alternative called Oval.The company’s innovations aim to reduce textile industry emissions significantly.Investors include Hoxton Ventures, ReGen Ventures, Celsius Industries, and Polytechnique Ventures.Cambridge-based biotech group Pact has successfully secured £9m in seed funding, enabling it to advance its ambitions of establishing a new laboratory space spanning 13,820 square feet in Cambridge. This development marks a significant milestone for the company, which is focused on crafting innovative biomaterials inspired by nature.Pact’s…

BBC Panorama’s recent investigation into supermarket price matches has sparked significant discussions, primarily highlighting discrepancies in ingredient proportions between Tesco and Aldi products.Aldi’s CEO, Giles Hurley, emphasised the findings, suggesting that their products maintain higher quality at lower prices compared to competitors.The investigation revealed that nearly a third of Tesco’s price-matched products contain less of the main ingredient than those of Aldi.Key differences were found in products such as chicken nuggets and chilli con carne, where Aldi products had notably higher ingredient percentages.Tesco responded by asserting that ingredient proportions do not solely determine product quality and that all their products…

Fintech firms Klarna and Adyen have partnered to integrate Buy Now Pay Later (BNPL) options in store, moving beyond e-commerce.Klarna aims to access the substantial $11tn in-store shopping market through Adyen’s 450,000 payment terminals.Consumers will use Klarna for in-store purchases by scanning QR codes on Adyen terminals, finalized through mobile devices.Historically focused online, Klarna’s collaboration with Adyen marks a significant shift to omnichannel retail.Adyen’s established global presence supports Klarna’s strategy to offer flexible payments across varied consumer touchpoints.The recent partnership between Klarna and Adyen represents a strategic move to make Buy Now Pay Later (BNPL) options more accessible in physical…

Pepco Group’s fourth-quarter results reflect significant challenges and growth opportunities.The group’s like-for-like sales declined by 3.1% due to supply chain disruptions caused by geopolitical unrest.Despite this, overall revenue increased by 10%, supported by an aggressive store expansion strategy.Pepco projects a robust financial year with anticipated EBITDA growth of 20% year-on-year.The company remains optimistic, focusing on enhancing its supply chain capabilities.Pepco Group has encountered substantial disruption to its supply chain, influencing its fourth-quarter performance. The company’s like-for-like sales experienced a decrement of 3.1%, largely attributed to ongoing impediments in shipping routes through the Suez Canal resulting from militant attacks in the…

Meta has announced a delay in the release of its latest AI technology in the UK and EU, citing regulatory challenges. The decision comes as the company navigates the complexities of varying data privacy laws within these regions.This delay, however, will not affect the rollout in other major markets such as the US, Canada, Australia, and New Zealand. The postponement has sparked debate about Europe’s readiness to compete in the evolving AI landscape.Regulatory Challenges and Data PrivacyThe regulatory environment in Europe has become a central issue for Meta, as the company struggles with compliance across different nations. The primary concern…