Author: Scott Dylan

The European Union has initiated a formal inquiry into the operations of Temu, a major online marketplace.Concerns focus on the sale of illegal goods and potential breaches of the Digital Services Act by Temu.Issues have been raised regarding Temu’s system’s ability to prevent previously banned traders from resuming sales.The platform’s use of aggressive sales tactics with an addictive design also faces scrutiny.Complaints involve inadequate seller information provided to consumers, filed by a consumer group.The European Union has officially launched an investigation into Temu, one of the leading global online marketplaces, amid fears it has not been adequately preventing the sale…

Discover how businesses can enhance profitability through personalised promotion strategies.Current generic promotion strategies cost businesses millions, highlighting the need for effective personalisation.Selecting the right loyalty and promotions software is critical in developing meaningful customer incentives.The market is flooded with vendors, making it difficult to find the perfect fit for your business.Our guide outlines three key principles to assist in your decision-making process.Businesses today are continually losing significant amounts of revenue due to ineffective, generic promotion strategies. Personalising these strategies can transform customer incentives into meaningful interactions that drive profitability. The necessity of personalisation in modern business practices cannot be overstated,…

A notable collaboration between Asos and Hirestreet introduces the UK’s largest subscription rental service for fashion items.Subscribers will have the opportunity to rent up to five garments monthly for £75 from a selection of over 20,000 items.The initial focus will be on weekend and party wear, with plans to expand into other categories like workwear and skiwear.The service reflects a growing demand for casual fashion items, noted particularly in early 2024.This venture signifies a significant development in the UK rental market, aligning it closer with trends observed in the US.Asos, in partnership with Hirestreet, has launched what is being described…

Adidas and Kanye West, known as Ye, have concluded their legal conflicts after collaborating on several lawsuits over the past two years.The disputes arose following Adidas’s decision to terminate its partnership with West due to his antisemitic remarks in 2022.Adidas’s CEO Bjorn Gulden announced no financial settlements were involved, and both parties agreed to move forward amicably.Remaining Yeezy inventory will be sold, with proceeds benefiting charity, as Adidas had previously amassed significant unsold stock.By July 2023, substantial orders for remaining Yeezy stock were received, exceeding half a billion dollars in value.Adidas and Kanye West, the artist also known as Ye,…

Avon is taking significant steps to expand its retail presence in the UK through franchise stores and partnerships.The beauty company plans to grow its network of standalone shops operated by sales representatives as franchises.Avon’s collaboration with Superdrug will see its products in 650 out of 830 stores by the end of 2024.A global strategy reshuffle aims to make Avon products available in 2,300 physical stores worldwide by year’s end.Avon’s move into physical retail was influenced by shifts in selling methods during the Covid-19 pandemic.Avon aims to strengthen its retail footprint by considering the introduction of more franchise stores across the…

Jollyes, the pet retailer, enhances its leadership team aiming for growth with key appointments from major retailers.Adam Dury, previously with Card Factory, is set to become Jollyes’ first Chief Operating Officer.Richard Willan, who joined in May, will strengthen the board as Chief Financial Officer.Katherine Paterson from Hobbycraft joins as the new Chief Marketing Officer next month.Anne Galloway and Matt Johnston also bolster Jollyes’ executive capabilities with their extensive experience.Jollyes, a prominent player in the pet retail sector, is reinforcing its executive team in a strategic move to amplify its growth ambitions. This expansion involves acquiring seasoned professionals from significant retail…

Boohoo has issued a statement following Mike Ashley’s call for CEO appointment, raising governance and strategic risks.Ashley, a major shareholder in competitive businesses, requested leadership at Boohoo, citing a crisis in governance.Boohoo questions Ashley’s involvement due to his ties with Frasers Group and Asos, suggesting potential conflicts of interest.The board stresses the need for governance and shareholder interests before making any leadership decisions.Accusations from Ashley regarding Boohoo’s debt refinancing as counterproductive were met with Boohoo’s defence on strategic plans.The recent developments at Boohoo have sparked intense discussions about company governance and strategy. Mike Ashley, the founder of Frasers Group, has…

Asos reports significant financial losses, yet remains hopeful for growth.The company’s revenue dropped 18% to £2.9bn, with operating losses at £331.9m.CEO José Antonio Ramos Calamonte is confident in the online pureplay model, despite a decline in UK orders.A strategic partnership was formed with Heartland, maintaining a stake in Topshop and Topman.Asos has implemented a ‘test and react’ model and other measures to cut costs and manage stock.Asos has announced its financial results for the year ending 1 September 2024, highlighting an 18% decline in revenue to £2.9 billion and operating losses amounting to £331.9 million. These results were attributed to…

The British government has entered the AI chatbot market with a limited trial of a business support assistant.Up to 15,000 businesses will test the GOV.UK Chat service, aiming to provide personalised assistance.The chatbot is developed using OpenAI’s GPT-4o technology by an in-house team of experts.Initial trials showed promising outcomes, with 70% of early users finding the service helpful.The initiative aligns with governmental efforts to integrate AI for enhancing public services.The British government’s new venture into artificial intelligence has taken shape with the introduction of the GOV.UK Chat, a business support chatbot. Announced by the Department for Science, Innovation and Technology,…

RM Williams is strengthening its UK presence with strategic moves.The brand has opened a new store in Marlow, Buckinghamshire.Partnerships have been formed with Harrods, Selfridges, and Liberty.A new store in Cambridge is slated to open this December.The expansion is supported by the recruitment of UK general manager Karl Wederell.RM Williams, an Australian brand renowned for its high-quality footwear and clothing, is expanding its footprint in the UK market. The brand recently inaugurated a new retail outlet in Marlow, Buckinghamshire, on 10 October. This establishment marks the first store that RM Williams has launched outside of Australia since 2017. The choice…