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.
UK retailers witnessed a significant increase in footfall on December 23, marking the peak shopping day ahead of Christmas.Data indicates a 28.5% rise in footfall, driven predominantly by shopping centres which saw a remarkable 45.5% increase.Retail parks experienced a 31.1% surge in footfall, contributing to the overall uptick in consumer activity.Despite the overall increase, high street footfall was 5.3% lower than the previous year, highlighting ongoing consumer pressures.Retailers are advised to be cautious as a potential spending freeze looms in the new year due to cost-of-living concerns.On December 23, traditionally the most bustling shopping day preceding Christmas, retailers throughout the…
Despite Asda’s financial difficulties, its owners have received a significant payout.TDR Capital, which holds a major share in Asda, reported a £43.9m profit for its partners.This profit marks an increase from the previous year’s £33.6m distribution.The highest-earning partner received a share of £2.9m according to reports.Asda is facing declining sales and a large debt, impacting its market position.In the face of ongoing challenges, the private equity owners of Asda have benefited from a substantial payout. This figure has been documented in the latest accounts filed by TDR Capital, a key stakeholder in the supermarket chain. Despite Asda dealing with financial…
Mindflair shares dropped significantly after raising £490k through a discounted share issue.The newly raised capital aimed to reduce existing debt from £1.2m to £800k.New shares were issued at 0.6p each, a 12% discount on the previous closing price.The company’s stock value has fallen over 50% since its peak in July.Mindflair invests in eight companies through its SVV2 fund, backed by the British Business Bank.Shares in the AI investment company, Mindflair, experienced a marked decrease on Tuesday, falling by as much as 10% in early trading. This decline coincided with the company’s announcement of raising £490,000 by issuing shares at a…
In 2024, the retail sector showcased resilience and innovation through strategic store openings.M&S launched a clothing-only store in Battersea, London, as part of a significant investment.H&M unveiled a tech-centric store concept in Westfield Stratford, enhancing customer experiences.Sephora expanded in the UK with a notable store in Birmingham, featuring exclusive brands.Sainsbury’s introduced experimental retail elements in their Cobham, Surrey location.Throughout 2024, the retail landscape experienced significant developments, as retailers defied challenges by investing in physical store spaces. This movement highlighted a shift away from the anticipated decline of high street retail.M&S’s new clothing-only store in Battersea Power Station, spanning 8,400 sq…
The landscape of diabetes medication is shifting yet again. Approved by the US Food and Drug Administration, a new generic version of the daily injectable GLP-1 medicine liraglutide is now available. This development promises less expensive options for individuals with type 2 diabetes. It’s a significant stride towards mitigating current market shortages.While Ozempic remains without a generic equivalent, the introduction of generic liraglutide offers alternative treatments. As the market adjusts, patients could see enhanced access. But what’s the broader outlook?FDA’s Latest ApprovalOn Monday, the US Food and Drug Administration made a pivotal decision to approve a generic version of liraglutide,…
Dr. Francis Collins, renowned for his distinguished career as a scientist and an evangelical Christian, presents a unique perspective on the intersection of faith and science. He has navigated both realms seamlessly, often finding harmony rather than conflict. His experiences offer invaluable lessons for understanding how these two areas can coexist without negating each other.Through his journey, Collins challenges the common perception of an inherent conflict between science and faith. His insights delve into the unity of these domains, supported by his professional journey, including leading the Human Genome Project. This narrative explores his views on the significance of science…
Amidst Morrisons’ technical issues, Iceland saw a significant rise in last-minute Christmas orders.Morrisons faced disruptions with its loyalty card system, impacting discounts for customers.Cancelled online orders from Morrisons led customers to seek alternatives for festive essentials.Iceland capitalised on the opportunity, with turkey sales increasing by 200% in hours.The retailer’s Bonus Card holders over sixty are set to receive additional in-store discounts.Morrisons experienced widespread technical difficulties with its More loyalty card system, which prevented many customers from redeeming their discounts. This issue, combined with reports of cancelled online orders, left numerous families in urgent need of sourcing their Christmas food staples.As…
Holiday seasons present unique challenges for individuals managing diabetes or weight-loss through medication. Temptations can lead to considerations of pausing treatment to enjoy celebratory foods.Doctors often field questions from patients about the safety of stopping medications briefly. These discussions hinge on understanding medical needs and potential risks. Careful planning and professional advice are key.Considering a Break from Diabetes and Weight-Loss MedicationsDuring holiday seasons, the idea of taking a pause from diabetes or weight-loss drugs often crosses patients’ minds. These medications, while beneficial, can also bring about side effects that some find challenging to manage during festive times. For many, it’s…
Morrisons is currently experiencing significant disruptions as system glitches hinder customer access to discounts and services.The More loyalty card system failure led to customers missing out on discounts for their Christmas shopping.Many online orders were unexpectedly cancelled, affecting Morrisons’ click and collect services during a peak shopping period.Frustrated customers expressed their dissatisfaction on social media, highlighting a breakdown in Morrisons’ customer service.Despite challenges, analysts anticipate record sales for supermarkets this December, though Morrisons’ issues may impact consumer trust.Morrisons, a major UK supermarket chain, finds itself in a challenging situation as technical glitches within their More loyalty card system have disrupted…
The UK’s high streets are experiencing a significant Christmas spending surge today.£1.13bn is expected to be spent in physical stores as last-minute shoppers rush for gifts.Retail sales are anticipated to reach £1.46bn, marking a 6.6% rise compared to last year.Approximately 16 million consumers are expected, with 12.6 million visiting physical stores.VoucherCodes highlights the importance of convenience and value in attracting shoppers.The UK high streets are witnessing a notable surge in consumer activity, with spending expected to reach £1.13 billion today. This rush is driven by last-minute shoppers seeking Christmas gifts and essentials. The broader retail sector, inclusive of online and…
