Author: Scott Dylan

Mango opens its inaugural international teen-dedicated store at Foubert’s Place, London, marking a significant step in its global expansion strategy.The 2,480 sq ft retail space near Carnaby Street offers clothing, footwear, and accessories targeting teenagers, with a Mediterranean-inspired design concept.Mango’s teen line has shown impressive growth since its launch in 2020, contributing significantly to the brand’s overall sales.The UK market is a strategic priority for Mango, with plans to open more than 20 stores as part of a broader international growth strategy by 2026.Popular among young consumers, Mango Teen features trendy apparel such as denim, crop tops, and blazers.Spanish fashion…

A recent survey has uncovered that a staggering 23 million people in Britain exhibit low levels of financial literacy. This alarming revelation highlights the widespread difficulty many Britons face in understanding basic financial concepts.The survey, which involved 3,000 adults, shows a significant number of individuals struggle with simple financial decisions regarding savings and investments.The Scope of Financial IlliteracyThe survey, conducted among 3,000 British adults, aimed to measure financial literacy using three key questions developed by the Global Financial Literacy Excellence Center. These questions, covering topics like interest rates, inflation, and investment diversification, are recognised internationally. The findings were stark: only…

Both Labour and the Conservatives assert they can bridge the UK’s £40bn tax gap primarily through addressing tax avoidance.Experts express scepticism that the proposed measures will be sufficient.Neither Labour nor the Conservatives plan on increasing income tax, national insurance, or VAT.Estimates suggest tax avoidance contributes just £2 billion to the tax gap, questioning the feasibility of the £6 billion target.There are potential downsides, such as increased administrative burdens on compliant taxpayers.Both Labour and the Conservatives claim they can bridge the UK’s £40bn tax gap—the difference between expected tax revenues and actual collections—primarily by targeting tax avoidance. However, experts question whether…

KPMG has significantly upgraded the United Kingdom’s GDP growth forecast for 2024 to 0.5%, a marked increase from its previous estimate of 0.3%, following a modest 0.1% growth in the prior year.New insights from KPMG reveal that the UK economy is expected to grow at a rate of 0.5% this year, up from an earlier projection of 0.3%. This positive revision follows a small growth of 0.1% in the previous year. The consultancy also adjusted its 2024 growth forecast to 0.5%, reflecting a similar increase from the initial estimate of 0.3%. Growth is anticipated to reach 0.9% in 2025, supported…

Mobile network operators have until July to extend their coverage to encompass 88% of the United Kingdom’s landmass, a primary objective of a £1bn government initiative.While Vodafone has confirmed it will meet the deadline and Virgin Media O2 (VMO2) is also on track, smaller rival Three has stated it is “working hard” to achieve the targets but has not confirmed its compliance. BT, which owns the EE network, recently struck a rural coverage agreement with some of its competitors to help meet the deadline. Sources reveal that BT has arranged for VMO2 and Vodafone to access some of its mobile…

The Indian company, Tata Steel, recently announced plans to expedite the shutdown of its blast furnaces at the Port Talbot plant in response to impending industrial action. As Britain’s largest steel producer, Tata Steel notified workers at the South Wales site of potential early cessation of operations, prompted by a looming strike by Unite union members.Originally planning to close one furnace by the end of June and the second by September, Tata intends to transition to a more environmentally friendly electric arc furnace as part of a government-backed initiative. However, Unite has initiated strike action to protest these plans, claiming…

Today marks a significant milestone in the careers of four emerging designers as they debut their collections at the prestigious JCA London Fashion Academy’s Undergraduate show.Held at the Boston Manor House campus, the event promises a celebration of innovation, sustainability, and mental health awareness in fashion. Tayla Brace introduces a genderless streetwear brand under ‘TAYLA-LILY’ that explores mental health themes through oversized silhouettes and comfort-focused designs. Brace’s collection draws inspiration from the Aokigahara Forest in Japan, reflecting its haunting beauty and the poignant narratives associated with it. ‘The Aokigahara Forest is shrouded in darkness, but I saw the beauty in…

In The Style collaborates with Tesco’s F&F to launch a summer collection, marking its entry into physical retail.The collection of 22 pieces includes sequin jackets, tailored blazers, and satin maxi dresses, available in sizes 6-22.Founded in 2013 and acquired by Baaj Capital in 2023, In The Style is working towards profitability.The partnership with F&F is a strategic effort to reach both existing and new customers.The company aims to enhance its market presence through influencer collaborations and strategic physical retail expansions.In The Style has embarked on a new venture by collaborating with Tesco’s F&F, launching a 22-piece summer clothing collection across…

Marks & Spencer partners with Sojo for a new repair service, marking a commitment to sustainability.Customers can book repairs online, with services completed in 7-10 days.This initiative is part of M&S’s broader circular fashion efforts.M&S aims to achieve net zero emissions by 2040 through such ventures.Industry leaders see this as a significant step towards sustainable fashion.Marks & Spencer has embarked on an innovative partnership with Sojo to introduce a dedicated repair service for its customers. This collaboration, launching under the tagline “M&S fixed by Sojo,” allows patrons to book a variety of repair options, such as zip replacements and invisible…

Quarterly GDP figures reveal surprising economic growth, slightly exceeding original estimates.Revised data from the ONS shows a 0.7% growth in GDP from January to March 2024, up from an initial estimate of 0.6%.This growth marks the quickest expansion in two years, following a recession at the end of 2023.Service sectors lead this economic uptick with a 0.8% increase, while industrial production sees a modest rise and construction declines.April witnesses minimal GDP growth due to dampened retail activity amid inclement weather conditions.Revised metrics from the Office for National Statistics indicate that the UK’s gross domestic product (GDP) grew by 0.7% between…