Author: Scott Dylan

The recent inflation figures are set to impact business rates significantly, challenging the retail industry.A drop in overall inflation to 1.7% is met with a rise in food inflation.Retailers are projected to face a £140 million increase in business rates.The British Retail Consortium warns of further investment damage without policy changes.Calls for a ‘Retail Rates Corrector’ gain momentum as economic pressures mount.The Consumer Price Index has recently documented a decline in overall inflation to 1.7%, marking its first fall below the Bank of England’s 2% target in over three years. This decrease, however, coincides with a rise in food inflation,…

Superdry is opening a new concept store to attract Gen Z shoppers, part of its revitalisation strategy.The ‘Athletic Essentials’ store will debut at Westfield London, focusing mainly on womenswear.The store targets consumers aged 16-27, presenting a range of modern, everyday apparel.Superdry’s autumn/winter collection blends vintage aesthetics with contemporary comfort.This initiative follows Superdry’s broader turnaround efforts, including a licensing deal with Next.In a strategic move aimed at rejuvenating its market presence, Superdry is set to launch a new concept store known as ‘Athletic Essentials’. This initiative targets Gen Z consumers, particularly those aged between 16 and 27, as reported by Retail…

Adidas has adjusted its profit forecast upwards to £1bn, highlighting strong sales.The company reported a 46% rise in operating profit for the third quarter.Sales of Samba and Gazelle trainers significantly boosted revenue.Adidas’ financial forecast reflects both present gains and future expectations.Remaining Yeezy inventory played a role in the recent profit surge.Adidas has revised its full-year profit forecast to an impressive £1bn, marking a substantial upswing driven primarily by its Samba and Gazelle trainer brands. This adjustment comes as the sportswear giant experiences a 46% surge in operating profit, climbing from £342m to £500m. This remarkable increase is partly attributable to…

The retail sector is bracing for a £140m increase in business rates following the latest CPI inflation figures.Inflation, as measured by the CPI, saw a 1.7% rise over 12 months to September 2024, a decrease from August’s 2.2%.CPI including housing costs rose by 2.6% over the same period, down from 3.1% in August, as reported by the ONS.Clothing and footwear prices experienced a growth slowdown, with women’s and menswear prices falling while children’s footwear prices increased.The British Retail Consortium warns that continuous rise in business rates damages high street investment and job creation.The retail industry is anticipating a significant financial…

Prominent influencer Yung Filly’s arrest has led to swift actions by partnered brands, impacting recent marketing campaigns.Heinz and German Doner Kebab have retracted social media content related to their collaborative ‘Secret Sauce’ with influencers Yung Filly and Harry Pinero.Yung Filly, known for his extensive social media presence and television appearances, faces allegations of sexual assault in Australia.In the wake of these developments, several other brands, including M&S, have severed promotional ties with the influencer.The incident coincides with Heinz addressing controversies over recent advertisements that received public backlash.Following the arrest of social media influencer Yung Filly, Heinz and German Doner Kebab…

A comprehensive review of adolescent medical records reveals a link between GLP-1 drug treatment for obesity and reduced suicidal thoughts.This significant study analyses data from 7,000 young individuals, highlighting a 33% lower risk of suicidal ideation when using semaglutide or liraglutide compared to behavioural interventions.This extensive study underscores the potential of GLP-1 medications to reduce suicide risk in adolescents with obesity. Enhanced understanding and careful application of these findings could transform obesity management and mental health outcomes.Continued research and monitoring will be critical in optimising treatment protocols, ensuring the safe and effective use of GLP-1 drugs in this vulnerable age…

Three prominent Manchester food and drink enterprises unite to create a unique culinary venue.’The Trading Route’ is set to open in the bustling St John’s district.The venue will offer diverse menu options from upscale pantry items to freshly prepared dishes.Manchester Union Brewery will feature with a unique lager house experience.Well-regarded design studio PHAUS is crafting the venue space for up to 150 guests.Three leading Manchester-based food and beverage companies have pooled their resources to launch a distinctive establishment called ‘The Trading Route’. Located on Good Yards Street in the vibrant St John’s district, this inventive venture results from the collaboration…

Parenting is a demanding journey with no definitive guidebook. It’s common to feel overwhelmed amidst the challenges.Recognising the stress involved is the first step towards cultivating a harmonious family environment and ensuring personal well-being.Swap Selflessness for Sturdy LeadershipDr. Becky Kennedy emphasises the transformation from being selfless to becoming sturdy leaders for our children. According to Kennedy, prioritising self-care is crucial to avoiding burnout as a parent. By setting clear boundaries, parents can demonstrate leadership qualities without compromising their own well-being. For instance, taking moments for oneself, like enjoying a quiet cup of coffee or a solo walk, is essential. Children…

Hays Travel celebrates significant growth on the fifth anniversary of acquiring Thomas Cook’s retail estate.The Sunderland-based company reported a 43% increase in profits, reaching pre-tax profits of £73m.Turnover increased by 8% to £457m, attributed to rising consumer confidence in travel.The company expanded its retail estate by acquiring 67 additional shops last year.Investment in technology and infrastructure totalled £14.8m, supporting further growth.Hays Travel marks a remarkable milestone as it celebrates the fifth anniversary of acquiring Thomas Cook’s retail estate, reporting a substantial financial growth. The Sunderland-based company has achieved a 43% increase in pre-tax profits, reaching £73m, reflecting robust business performance…

Devon-based Eversfield Organic has entered administration, leaving significant debts unpaid.The company’s financial challenges resulted in the closure of shops and distribution outlets.A loss of key business accounts contributed to the financial downturn.Attempts to rescue the business were deemed unfeasible by administrators.Founder Mark Bury described the situation as ‘a tragedy’ amidst the firm’s collapse.Debts amounting to nearly £7 million remain unresolved following the recent collapse of the high-end Devon food company, Eversfield Organic. The firm, headquartered in Okehampton, was renowned for supplying produce to London’s prestigious Selfridges but faced severe financial difficulties that led to the closure of its shops before…