Author: Scott Dylan

Asda is doubling its ‘Exceptional by Asda’ range with over 400 new products, preparing for the festive season.Launched initially with 70 chilled products, the range has been a success, boasting a 98% sales increase.New festive offerings will include a variety of categories like meat, fish, and bakery items.Chief customer officer David Hills emphasises quality and affordability in product development.The new products aim to deliver a sense of luxury while retaining Asda’s commitment to value.Asda has announced the expansion of its ‘Exceptional by Asda’ range, introducing over 400 new products in preparation for the festive season. This move follows the successful…

Dave McCormick, a Republican Senate candidate, previously led Bridgewater Associates, a hedge fund known for its financial strategies involving Pennsylvania firms.McCormick’s leadership at Bridgewater has become a contentious issue as it brings to light the fund’s practice of shorting stocks, a method that can impact local economies.Bridgewater’s Investment Strategies Under McCormickDuring his tenure at Bridgewater Associates, Dave McCormick oversaw investment strategies that included shorting stocks of numerous Pennsylvania companies. The hedge fund, recognised globally for its substantial portfolio, engaged in short positions against nearly 50 corporations based in Pennsylvania, affecting companies such as The Hershey Company and US Steel. This…

Wilko has launched its webshop on Amazon, marking a significant step in its digital growth strategy.The launch includes a diverse range of products such as household items and DIY essentials.This move follows Wilko’s purchase by The Range last year, aiming to re-establish itself in the UK market.Wilko continues to expand its online offerings, now featuring bathroom and kitchen collections.The company plans to open a new store in London’s Uxbridge by November, marking a return to the capital.Wilko, the well-known discount retailer, has expanded its online presence by launching a webshop on Amazon. Consumers can now explore Wilko’s extensive range of…

Primark is set to open its first Manhattan store, marking a significant expansion in the United States.The new store will be located in a 54,000 sq ft space on Manhattan’s Herald Square, becoming Primark’s flagship in the US.Situated near Penn Station, the store is anticipated to attract substantial foot traffic from commuters.This move is part of Primark’s ambitious plan to establish 60 US stores by 2026, having already increased its presence since 2021.Primark’s expansion underscores a commitment to providing affordable fashion to diverse customer bases, with more openings planned across key locations.Primark has officially announced a major expansion into Manhattan,…

Dan Greener is spearheading a new housing development in County Durham, thanks to a substantial investment from the North East Property Fund.With a focus on sustainability, the project aims to deliver modern homes meeting the needs of environmentally conscious buyers by the end of the year.Dan Greener, a property developer from the North East, has embarked on a new project to build family homes in County Durham. This initiative follows the acquisition of a six-figure investment from the North East Property Fund (NEPF). The development, situated in Station Town, includes three modern homes featuring sustainable elements such as triple glazing,…

ResQ is set to extend its footprint in Hull with a major project at the former Hammonds of Hull building. This expansion marks a significant move by the call centre firm to capitalise on strategic growth opportunities.Having first occupied the first floor in 2021, ResQ’s decision to expand further highlights its commitment to the local economy. The development reflects both ambition and confidence in Hull’s business prospects.ResQ’s Expansion PlanResQ, a prominent call centre firm, is preparing for a significant expansion within the historical Hammonds of Hull building. The former department store, which ceased operations in 2019, is being transformed to…

Shein has made significant strides in the UK market, surpassing Boohoo in sales and profitability.Shein UK reported a doubling of pre-tax profits, reaching £24.4m by the end of December.Sales for Shein soared by 38% to £1.55bn, well above Boohoo’s UK sales of £1.09bn.The company established a UK head office, aiming to expand its local presence and workforce.Shein is contemplating a £50bn debut on the London Stock Market, pending UK regulatory approval.In a notable achievement, Shein has overtaken Boohoo in the UK fashion market, with the Chinese fashion giant announcing a nearly 40% increase in sales and significant profit growth. The…

Revolution Beauty is undergoing a significant transformation amidst a notable decline in its sales and profits.The company’s EBITDA has decreased by 11%, reflecting a challenging year for Revolution Beauty.A strategic reduction in the SKU portfolio is part of the company’s efforts to optimise resources.The retailer is expanding its presence with major partners to bolster distribution channels.Revolution Beauty forecasts a return to growth in the upcoming quarters as new initiatives are implemented.Revolution Beauty is currently navigating a transformative phase, characterised by a decline in both sales and profits during the first half of the year. Its underlying adjusted EBITDA has fallen…

In a strategic move by Kering, Gucci appoints Stefano Cantino as the new CEO, effective January 2025, following a challenging financial period.Stefano Cantino, previously deputy CEO, steps up to lead Gucci after joining in May 2024.Jean-François Palus concludes his 17-month tenure as Gucci CEO, marked by declining revenues and profits.Kering’s financial difficulties underline the necessity for strategic leadership as the brand aims for recovery.François-Henri Pinault expresses gratitude for Palus’ contributions during a tumultuous time for Gucci.In a strategic decision, Kering has appointed Stefano Cantino as the new CEO of Gucci, effective from 1 January 2025. Cantino previously served as the…

A community energy organisation is embarking on a crowdfunding journey to support a major solar initiative at Silverwood School in Rowde. Wiltshire Wildlife Community Energy (WWCE) aims to raise £500,000 to procure over 1,000 solar panels.This renewable energy project promises to supply the school with sustainable electricity and generate funds for educational initiatives. The venture aligns with the ongoing redevelopment of Silverwood and showcases the power of community collaboration in advancing educational and environmental goals.Wiltshire Wildlife Community Energy (WWCE) has initiated a significant crowdfunding campaign to finance the installation of more than 1,000 solar panels at Silverwood School. This effort…