Author: Scott Dylan

eBay UK is eliminating selling fees for private sellers across all categories except motors to compete with platforms like Depop and Vinted.Private sellers will benefit as final value and regulatory fees are removed, enhancing their selling experience.The change follows a similar decision in April for clothing, which resulted in a significant increase in listings and helped reduce landfill.eBay enhances the platform with simplified, time-efficient listing and AI-generated descriptions to attract more sellers.New features include eBay Local for in-person collection and eBay Balance for flexible use of earnings.eBay UK has made a strategic move to eliminate selling fees for private sellers…

Wolf London, a men’s equestrian clothing brand, secured £20,000 to expand its operations.Founder Andre Gardiner aims to address the lack of diversity in men’s equestrian clothing.Gardiner received funding through a Start Up Loan from the British Business Bank.The funding will be used for production, storage, and design initiatives.Gardiner plans to support UK manufacturing and enhance product accessibility.In a significant development for the men’s equestrian apparel sector, Wolf London has successfully secured £20,000 to facilitate the expansion of its offerings. This Cotswold-based brand, founded by Andre Gardiner in 2022, aims to fill a noticeable gap in the market for men’s equestrian…

The Works, a prominent arts and crafts retailer, is grappling with reduced consumer demand and profitability challenges in 2024.The company’s earnings before interest, tax, depreciation, and amortisation fell by 30% to £6m.The Works’ profit before tax declined by 39%, yet overall revenue saw a slight increase to £282.6m.Store sales experienced modest growth, but online sales dropped significantly by 12.4%.Cost-saving efforts and fourth-quarter improvements helped The Works conclude the year as anticipated, with a positive outlook for 2025.In 2024, The Works, a leading high street arts and crafts retailer, faced notable hurdles as consumer demand softened, significantly impacting sales and profits.…

An investigation has revealed flaws in the recycling schemes of Tesco and Sainsbury’s, sparking a public outcry.Plastic waste from these supermarkets was tracked and found to be sent overseas, where it was incinerated or downcycled.Campaigners discovered that 70% of tracked waste was burned, contradicting the supermarkets’ sustainability claims.The findings highlight the systemic issue of excessive plastic production, overshadowed by inadequate recycling solutions.Both Tesco and Sainsbury’s responded, acknowledging the need for improved recycling facilities and practices.An investigation by the Everyday Plastic campaign group and the Environmental Investigation Agency has put Tesco and Sainsbury’s under scrutiny. The inquiry tracked 40 bundles of…

The luxury brand Mulberry has dismissed an £83m takeover bid from Frasers Group.Frasers Group’s offer represented a 30% premium on Mulberry’s previous share subscription price.Mulberry’s board cited the undervaluation of the brand’s potential as a reason for rejection.The majority shareholder, Challice, expressed disinterest in supporting the bid.Following the announcement, Mulberry’s share price saw a slight increase.Yesterday, Mulberry, the renowned luxury brand, formally rejected an £83 million takeover offer from the Frasers Group. This decision was publicised after careful consideration by Mulberry’s board, which articulated their stance that the proposal did not adequately reflect the brand’s substantial future potential value.Frasers Group,…

Social commerce is rapidly evolving with projections indicating significant growth by 2028.PUMA has effectively leveraged TikTok Shop LIVE for successful consumer engagement.Collaboration between PUMA’s leadership and TikTok has proven pivotal for strategic development.Affiliate strategies and shoppable content are key focuses for enhancing online retail experience.Enquiries persist about the universality of social commerce as a solution for brands.Social commerce continues to experience exponential growth, as recent findings from Retail Economics predict its worth to double, reaching close to £16 billion by 2028. This projection underscores the increasing importance of integrating social media platforms into retail strategies.PUMA, a leader in sportswear, has…

Greggs has achieved a notable increase in sales, crediting new menu items and extended operating hours.Total sales rose by 10.6% in the last quarter, with like-for-like sales increasing by 5%.The push for broader evening trading has seen over 1,200 Greggs branches staying open past 7pm.Economic conditions have prompted cost management, keeping inflation forecasts at the lower end of 4% to 5%.Greggs is on track to open 140 to 160 new outlets this year while advancing its facility in Derby.Greggs has reported an impressive quarter of sales growth, attributing this success largely to the introduction of new menu offerings and an…

Amazon plans to bolster its workforce by hiring over 15,000 seasonal employees across the United Kingdom during the festive period.The new roles will support operations in Amazon’s network of UK centres and delivery stations.Pay rates for these jobs start at £13.50 per hour and can increase to £14.50 depending on the location.A new fulfilment centre in Eastwood, Nottingham, has been announced, contributing to Amazon’s expanding operations.Amazon emphasises the essential role of seasonal workers in maintaining customer satisfaction during peak times.Amazon plans to create over 15,000 temporary roles throughout its UK operations as it gears up for the festive season, aiming…

Luxury brand Mulberry rejects an £83m bid from Frasers Group, citing future potential.Mulberry remains firm in its plan for a capital raise despite takeover approach.Majority shareholder Chalice supports Mulberry’s strategy and new leadership.Frasers Group already holds a significant 37% stake in Mulberry.Mulberry’s recent financial results show a shift from profit to loss.Luxury handbag company Mulberry has declined an £83 million takeover proposal from Mike Ashley’s Frasers Group, underscoring its confidence in the brand’s future potential. The Somerset-based fashion brand stated that Frasers’ offer did not adequately reflect its substantial long-term value. Notably, Frasers Group already owns a 37% share of…

The Works faces a drop in full-year profit but remains optimistic about Christmas sales.In the financial year ending 5 May, The Works’ adjusted EBITDA fell from £9m to £6m due to challenging market conditions.Despite a challenging Christmas period and increased costs, strategic changes are expected to enhance profitability for FY25.Store sales saw a slight increase of 0.6%, contributing to total sales growth, although online sales declined by 12.4%.Kelso Group representatives step down from The Works’ board as the retailer shifts its market focus and leadership.The Works reported a significant decline in adjusted EBITDA, dropping from £9m to £6m at the…