Author: Scott Dylan

Panellists from leading fashion brands Rixo, Hurr, and Baukjen shared insights on maintaining market share amidst industry disruptions at Drapers Inner Circle Summit.Henrietta Rix emphasised the importance of brand integrity by staying true to Rixo’s original products and identity.Lauren Roberts highlighted Hurr’s unique approach of leveraging data insights to drive continuous innovation.Natalie Grant discussed Baukjen’s commitment to sustainability by redesigning fashion industry practices.The discussion revealed a shared focus on sustainable growth, consumer engagement, and innovation as essential strategies.At the Drapers Inner Circle Summit, fashion industry leaders convened to discuss strategies for sustaining market presence during times of disruption. The panel,…

A panel of executives convened at the Drapers Inner Circle Summit 2024 to discuss pivotal industry issues.The role of AI in reshaping retail strategies was a central theme at the summit.Discussions also focussed on the strategic importance of store locations in today’s market.Executives shared insights on sustainable fashion as a growing priority for the industry.The summit highlighted the challenges and opportunities facing retailers in a rapidly changing environment.In a gathering of industry leaders, the Drapers Inner Circle Summit 2024 served as a platform for insightful discourse on pressing issues. The dialogue was driven by a diverse panel of executives who…

Just Eat, a key player in food delivery, notes an overall drop in sales for 2024.The firm experienced a 3% decrease in gross transaction value in Q3 2024.Southern Europe and Australia faced significant downturns, with a 12% decrease each.Despite challenges, Northern Europe and the UK markets showed promising growth.CEO Jitse Groen remains optimistic about strategic advancements.In the third quarter of 2024, Just Eat recorded a three per cent decline in its total gross transaction value (GTV), decreasing to €6.34bn (£5.3bn) from the previous year’s €6.53bn (£5.46bn). This downturn is indicative of the waning consumer demand globally, affecting the company’s sales…

5 Callaghan Square attracts new tenants, boosting Cardiff’s commercial real estate landscape.Teneo Strategy and Environmental Resources Management sign leases at 5 Callaghan Square.The property is marketed by Knight Frank, attracting top-tier tenants.Refurbishments cater to diverse business needs, offering bespoke suites.Current and future availability continues to draw interest from potential tenants.The commercial real estate market in Cardiff receives a significant uplift with the letting of 5 Callaghan Square to two major occupiers, Teneo Strategy and Environmental Resources Management (ERM). The move signals continued interest and investment in prime office locations within the city, enhancing Cardiff’s appeal to global and local businesses…

The Wiltshire-headquartered owner of Cotswold Outdoor has faced financial challenges with substantial losses over the past decade.In 2023, the company reported a pre-tax loss of £7.3 million, following a similar loss of £3.9 million in 2022.Since its last pre-tax profit in 2015, the retailer’s cumulative losses have surpassed £110 million, highlighting a prolonged financial downturn.The company’s turnover marginally decreased from £160.5 million to £159.7 million in 2023, reflecting ongoing struggles in a challenging economic climate.Despite the economic difficulties, the company’s leadership remains confident in navigating the uncertainties ahead with strategic resilience.The retailer based in Wiltshire, known for owning brands such…

Greggs partners with Fenwick to launch an exclusive Champagne bar, representing the brand’s premium evolution.Set to open at Fenwick’s Newcastle food hall, the bar will offer a reservation-only service from 24 October until the end of December.The collaborative menu, curated by Fenwick’s chef Mark Reid and Greggs, includes traditional pastries paired with innovative condiments.A unique selection of Champagnes and dessert-inspired cocktails will be available, offering a refined gastronomic experience.The venture follows last year’s successful Bistro Greggs event, aiming to provide a memorable dining experience.In an ambitious collaboration, Greggs and Fenwick are set to unveil a Champagne bar in Newcastle, an…

In a comprehensive trading update, Just Eat Takeaway reported a universal decline in order volumes, emphasising a strategic pivot towards enhancing gross transaction value (GTV).Orders fell by 6% globally, severely impacting markets such as Southern Europe and Australia, where declines reached 14%.Despite the fall in orders, key markets like the UK and Northern Europe saw slight growth in GTV, representing a potential path to profitability.Cost-cutting measures, including reducing the workforce and streamlining operations, are central to the company’s strategy and financial outlook.The board maintains its forecast for 2024, expecting constant currency GTV growth of 2-6%, excluding North America.Just Eat Takeaway…

Zilch, a London-based fintech, has adjusted its approach in the US market, focusing instead on UK growth.The company reported a significant increase in UK turnover, nearly doubling its revenue from the previous year.Strategic decisions led to ending US operations at the end of FY 2024, with plans for future expansion when conditions are favourable.Despite scaling back in the US, Zilch is positioning for a potential IPO, with Deutsche Bank financing supporting this move.CEO and CFO have outlined future product developments and profitability goals, maintaining partnerships and regulatory foothold in the US.Zilch, a prominent player in the fintech sector, has decided…

Peter Ruis outlines John Lewis’s transformative journey at the Drapers Inner Circle Summit 2024.Ruis claims the potential to double John Lewis’s fashion sector, focusing on strategic growth.The discussion highlighted the significance of adapting to market trends and consumer demands.Key insights from Ruis emphasise innovation and customer engagement as pivotal to success.The future strategy signifies a robust approach to expanding the retailer’s market presence.Peter Ruis, the executive director at John Lewis, delivered an insightful presentation at the recent Drapers Inner Circle Summit 2024, marking a pivotal point in the company’s strategic evolution. He conveyed a robust vision for the retailer’s future,…

Origin USA has successfully navigated a significant transition of their ecommerce platform by migrating to Shopify.Justin Parker, Director of eCommerce at Origin USA, offers insights into the strategic decision to switch platforms.The transformation has yielded substantial improvements in business operations and performance metrics for Origin USA.Poppy Denyer from Codal provides expert advice on optimising Shopify for enhanced business outcomes.This case study serves as an informative example for businesses considering similar ecommerce platform transitions.Origin USA’s journey of transitioning their ecommerce platform to Shopify signifies a well-considered strategic move to enhance operational efficiency and business performance. Justin Parker, the Director of eCommerce…