Author: Scott Dylan
Scott Dylan
Scott Dylan is an accomplished entrepreneur, investor, and philanthropist, best known as the co-founder of Inc & Co and founder of NexaTech Ventures. With a focus on rescuing distressed businesses and supporting AI and tech startups, Scott’s expertise spans multiple sectors including technology, retail, and logistics. A passionate mental health advocate, drawing from his experience with Complex PTSD, Scott frequently writes about business transformation, AI integration, and leadership. Outside of work, he enjoys travelling, music, and spending time with his partner Gareth.
Despite declining consumer confidence, UK retail sales saw growth in August.The Office for National Statistics reported a 1% sales rise in August, the highest since July 2022.Supermarkets and clothing retailers benefited from end-of-season sales and warmer weather.Grocery sales increased by 1.8% while textile and footwear rose 2.9%.Online spending remained stable with a 4.3% year-on-year increase.In a month marked by plummeting consumer confidence, retail sales in the UK nonetheless experienced growth, as reported by the Office for National Statistics (ONS). Sales figures rose by 1% in August, following a 0.7% increase in July, reaching their highest point since July 2022. This…
Retail sales in the UK received a boost in August due to improved weather conditions, according to recent data.The Office for National Statistics (ONS) reported a 1% increase in total retail sales volumes for August.Clothing and footwear sectors experienced a notable rise, with sales up by 2.9% compared to July.Online retail sales for clothing and footwear surged by 4.4% during the same period.However, the optimism is tempered by a lingering pessimism over longer-term market conditions.Retail sales in the United Kingdom experienced a modest uplift in August, driven primarily by favourable weather conditions that encouraged consumer spending, according to the Office…
Biome’s revenue declines by 36% amid regulatory hurdles for key clients.Revenue drops to £2.3m in the first six months, mirroring a significant downturn.Company shares fell sharply by 11% to 6.2p after earnings announcement.Delays in product certification hindered sales, notably in the coffee pod sector.Despite current issues, Biome remains optimistic about future growth.In a challenging first half of the year, Biome’s revenue diminished by 36% due to regulatory difficulties faced by its principal clients. The Southampton-based bioplastics company reported earnings of £2.3 million for the initial half of the year compared to prior periods, reflecting a slowdown primarily attributable to certification…
Nike has announced the appointment of Elliott Hill as its new CEO, effective 14 October.Elliott Hill previously served in senior roles at Nike for 32 years across major markets.Hill succeeds John Donahoe, aiming to drive Nike’s sales amid growing competition.Despite recent setbacks, Nike seeks £1.6bn in cost reductions over the next three years.Hill’s strategic expertise is expected to revitalize Nike’s market positioning.Nike has announced a leadership change, appointing Elliott Hill as its new CEO effective 14 October. Hill steps into the role following the tenure of John Donahoe. His extensive experience at Nike over 32 years, covering North America and…
Next’s potential store closures hinge on the outcome of its equal pay appeal.An employment tribunal ruled that 3,500 Next store workers should be paid equally to their warehouse colleagues.Failure to overturn the ruling could cost Next approximately £30m, affecting store viability.The retailer has stated that increased costs could lead to non-renewal of leases for unprofitable stores.Next’s legal team is confident about the appeal despite the financial implications.Next, a prominent fashion retailer, is currently embroiled in a significant legal challenge following an employment tribunal’s ruling in favour of equal pay demands made by 3,500 store workers. These workers, predominantly female, were…
The British Computer Society (BCS) has highlighted significant delays in tech gender and diversity equality.Achieving gender parity in the tech industry may take up to 300 years, says BCS.Women currently account for less than a quarter of the UK IT workforce, despite being 51% of the working-age population.Unemployment rates for female tech workers surpass those of their male counterparts.The persistence of ‘tech bro culture’ continues to impede progress for women, especially women of colour.The British Computer Society (BCS) has expressed concerns over the sluggish progress in achieving gender and diversity equality within the tech industry. According to the BCS, if…
WHSmith is set to open 37 new Toys ‘R’ Us shop-in-shops across the UK before Christmas.This expansion will add to the existing 39 stores, with openings starting on 28 September.Sean Toal, WHSmith’s high street managing director, expressed pride in reviving the Toys ‘R’ Us brand.The new outlets will launch in Bexleyheath, Eastbourne, and Southampton first.The initiative is part of a weekly rollout leading up to the festive season.WHSmith is poised to strengthen its alliance with Toys ‘R’ Us by unveiling 37 additional shop-in-shops in the approaching months, thereby expanding on the previously established 39 locations. This move signals significant growth…
Next intends to launch a premium fashion platform, Seasons, to compete with Frasers’ Flannels.Seasons will stock affordable luxury brands not currently available on Next’s main site, aiming to better serve its premium customer base.This venture aligns with Next’s growth strategy as it approaches £1bn in profits, enhancing competition with Frasers Group.The launch of Seasons responds to increased demand for premium brands and shifts in consumer purchasing behaviour towards quality over quantity.Challenges exist in achieving profitability in the premium multi-brand sector, but Next’s strong foundations offer potential advantages.Next is poised to intensify its competition with Frasers by introducing Seasons, a new…
The eagerly anticipated release of Microsoft Flight Simulator 2024 on 19th November promises to be revolutionary.With its significant reduction in installation size, this new iteration aims to streamline and enhance the gaming experience for both Xbox and PC users.A Welcome Reduction in Installation SizeThe next version of Microsoft Flight Simulator will require only around 30GB of storage. This is a significant decrease from the current version, which needs over 130GB just for the base game. This reduction is highly beneficial for users, especially those using the Xbox Series S, which has limited storage.The drastic reduction in size has been achieved…
Fewer than one in five businesses report efficiency in their software testing procedures, underscoring the vulnerability of IT systems globally.Recent research reveals a significant gap in effective software testing, with only 16% of firms satisfied with their processes.Despite integrating AI applications, 68% of surveyed businesses face performance-related issues, raising concerns over current testing standards.The CrowdStrike outage exemplifies the critical need for robust testing, affecting major infrastructures and causing widespread disruption.Industry experts advocate for incremental deployment strategies to preemptively address software issues before they escalate.Fewer than one in five businesses report their software testing practices as efficient, a recent survey commissioned…
