Author: Scott Dylan

The Very Group has faced increased financial difficulties, reporting notable losses.In the first quarter of fiscal year 2025, the company reported a pre-tax loss of £22.9 million.Operating profit dropped significantly by 35% year-on-year to £27.6 million.The group’s total revenue experienced a 4.9% decline, reaching £450.2 million.Despite these challenges, some segments showed resilience, with homeware sales rising by 2.8%.The Very Group has reported significant financial setbacks, reflecting broader economic challenges impacting the digital retail sector. The company, which manages brands such as Very and Littlewoods, announced a pre-tax loss of £22.9 million for the 13 weeks ending 28 September, a stark…

With Trump’s election victory, the tech sector faces both opportunities and challenges.Mark Zuckerberg congratulated Trump, highlighting potential opportunities for the country.Trump’s cabinet includes the owner of the tech platform X, sparking concerns in the tech industry.Elon Musk’s appointment as the head of the ‘Department of Government Efficiency’ brings uncertainty.Trump’s deregulation plans and pro-crypto cabinet choices pose significant risks for the tech sector.With the confirmation of Donald Trump’s election victory, the tech sector is poised at a crossroads, facing both potential advancements and looming challenges. Mark Zuckerberg, in his message on Threads, extended his congratulations to Trump, underscoring the idea of…

This week’s fashion industry witnessed significant leadership changes across several renowned brands, reflecting a dynamic shift in strategies.Luxury womenswear brand Joseph has welcomed Mario Arena as its new creative director, marking a strategic shift in creative leadership.Asda’s decision to appoint Allan Leighton as executive chair signals a return to familiar leadership dynamics, succeeding Lord Rose.Superdry’s financial management sees a change with Kim Zaheer stepping in as interim CFO, aligning with recent performance disclosures.The reshuffling within Boohoo’s board, amidst external criticism, highlights ongoing strategic positioning within the fashion sector.This week marks a pivotal moment for Joseph, a celebrated name in the…

The annual Christmas windows competition is now underway, inviting UK and Irish fashion independents to showcase their creative flair.Participants must submit at least three high-resolution images of their window displays by the deadline of 23 December.Notable early entries include The Dressing Room in St Albans, highlighting their festive occasionwear with innovative decorations.The competition builds on last year’s success, which saw creative displays that engaged local communities and celebrated festive themes.Entrants compete for a feature in Drapers’ first print edition of the new year, offering prestige and exposure.The much-anticipated Christmas windows competition has been launched, inviting fashion independents in the UK…

California health officials have once again raised alarms over the consumption of raw milk. This follows the detection of bird flu in a new batch from Raw Farm. Immediate action is advised.The state is actively testing additional Raw Farm milk products to ensure consumer safety. Caution remains paramount, following similar health alerts earlier this year. Vigilance is urged as the investigation unfolds.Detection of Bird Flu in Raw MilkA recall of raw milk from Fresno-based Raw Farm has been issued due to the detection of bird flu virus in the product. The affected batch includes quart and half-gallon sizes with a…

After a six-year pause, Waitrose has inaugurated a new convenience store in London, aiming for broader market reach.The Hampton Hill location marks the 47th Waitrose-operated store, emphasising expansion via partnerships.Collaboration with Welcome Break and Shell focuses on smaller, more accessible retail spaces.A continued partnership with delivery services reflects evolving consumer habits and expectations.Future openings are planned, with adaptability at the core of Waitrose’s retail strategy.Waitrose has launched its first convenience store in six years, signalling a significant step in its expansion strategy. The opening in Hampton Hill, southwest London, serves as the supermarket’s 47th convenience store, illustrating its commitment to…

In a world filled with constant noise and distractions, finding moments to pause and reflect on the positive can significantly improve our well-being. Studies suggest that regularly practicing gratitude can lead to increased happiness and reduced stress. Embracing gratitude doesn’t have to be a daunting task. Simple practices integrated into daily life can help you appreciate the many small blessings around you.Gratitude and Its Link to HappinessGratitude is closely tied to happiness, with research indicating a direct link between gratitude practices and increased feelings of pleasure. Scientists have found that feelings of thankfulness activate areas of the brain responsible for…

A recent account closure by Starling Bank has stirred concerns in the startup community.Alicia Navarro, founder of Flown, faced account closure due to investor-related policy.Navarro claims the bank’s policy affects all UK startups with venture capital backing.Starling Bank’s communication highlights its policy shift affecting corporate shareholders.This incident raises broader concerns about banking requirements for startups in the UK.Alicia Navarro, founder and CEO of Flown, a London-based tech company, expressed her surprise and criticism regarding Starling Bank’s recent decision to close her company’s business account. The bank cited a policy that prohibits limited companies from having corporate shareholders as a reason…

The UK Government is keen on enhancing its planning system to promote economic growth through digitalisation.Paper-based processes in the Land Registry hinder efficiency, necessitating digital solutions.TPX Impact has signed a £19m contract to improve digital operations in the planning sector.A slowdown in government spending has impacted TPX’s revenue and its short-term financial outlook.Government initiatives aim to accelerate the housing market by reforming planning procedures.The UK Government’s focus on digitalising its planning system is a strategic move to foster economic growth. This initiative is seen as vital in transforming traditional bureaucratic procedures into more streamlined, efficient processes. Currently, the Land Registry…

John Lewis partners with The Cotswold Company to expand brand offerings.John Lewis will sell The Cotswold Company’s furniture online and at Peter Jones.Offerings include bedroom and dining furniture with home delivery services.The partnership supports an omnichannel strategy for increased consumer reach.Cotswold Company’s alliance with John Lewis follows its recent Next partnership.John Lewis has announced a strategic partnership with The Cotswold Company, enhancing its portfolio of third-party brands. This collaboration allows John Lewis to offer an array of The Cotswold Company’s homeware products, both online and in-store at the iconic Peter Jones location. The collection will feature a variety of furniture…