Author: Scott Dylan

Moonpig is poised to meet its 2025 guidance amidst challenges.The company reports strong sales despite macroeconomic headwinds.Moonpig’s website conversion rates and customer acquisition efforts show positive trends.A strategic partnership with The Entertainer expands product offerings.Moonpig’s commitment to technological innovation supports continuous growth.Moonpig has affirmed its position as it proceeds to achieve its 2025 targets despite encountering a difficult economic landscape and a consumer shift away from large gifting. The online retailer’s trading performance aligns with expectations, bolstered by robust sales and order volumes at Moonpig and gradual positive sales growth at Greetz.In light of consistent macroeconomic challenges impacting the gifting…

Tesco’s new ecommerce venture seeks to assist international supermarkets with online operations.Transcend Retail Solutions offers cloud-based picking technology akin to Ocado’s Smart Platform.Collaboration with New Zealand’s Foodstuffs marks Tesco’s initial partnership in this domain.Differences in fulfilment models set Tesco’s store pick approach apart from Ocado’s warehouse automation.Experts analyse the potential threat to Ocado and the opportunity for Tesco in the global market.Tesco has recently unveiled a new ecommerce initiative aimed at aiding international supermarket chains in developing their online operations. This effort, launched under Transcend Retail Solutions, provides a suite of software and hardware tools designed to enable direct store…

Lysa Hardy, the newly appointed CEO of Hotel Chocolat, shares insights into her leadership style and personal life.Lysa starts her day with a structured morning routine focusing on fitness and personal development.She emphasises the importance of linking personal goals to core values for sustained motivation.Hardy discusses the challenges of crisis management, drawing from personal experiences in retail.The new CEO prioritises balancing personal and professional life, encouraging not to compromise life for work.Lysa Hardy, recently appointed as the CEO of Hotel Chocolat, offers a unique glimpse into her executive lifestyle and leadership approach. She begins her day with a regimented morning…

Footasylum’s recent financial performance underscores its robust growth strategy and operational success.The company reported a 112% increase in pre-tax profits, reaching £6 million, reflecting strong sales and strategic expansion.Sales rose by 7% to £319.5 million, driven by a notable 15% growth in online revenue and an 87% surge in wholesale sales.Investment in store expansion, including new flagship locations, has been pivotal to this growth.The focus on Womenswear and Juniors sections resulted in significant sales increases of 16% and 14%, respectively.Footasylum’s financial performance for the year ending 27 January demonstrated a significant 112% increase in pre-tax profits, totalling £6 million. This…

British luxury brand Mulberry joins the ranks of UK fashion businesses achieving B Corp status.Mulberry scored 87.1 out of 140 in the B Impact Assessment, exceeding the B Corp threshold and industry average.The brand’s commitment to sustainability is evident in its efforts towards net-zero emissions by 2035.Mulberry expands its resale and repair programme, Mulberry Exchange, internationally.CEO Andrea Baldo emphasizes the ongoing journey of sustainability for the brand.British luxury brand Mulberry has achieved B Corp certification, joining prominent UK retailers such as The White Company and Seasalt. This prestigious certification reflects the brand’s commitment to sustainability and ethical business practices.Mulberry excelled…

The Very Group unveils a cutting-edge retail media proposition, Very Media Group.This move follows a 12-year partnership with SMG, enhancing brand connectivity and consumer insight.Collaboration with Criteo’s commercial media platform enables advanced digital shelf access.Jessica Myers emphasises the power of data and connectivity for brand partners.SMG’s CEO highlights the efficiency and performance measurement potentials in the new venture.The Very Group has announced its latest retail media venture, Very Media Group, in collaboration with the independent retail media operator, SMG. This initiative seeks to enhance brand connectivity and consumer insights by leveraging a 12-year strategic partnership with SMG.A notable development is…

The performance of Asda post its buyout by TDR Capital and the Issa brothers is under scrutiny.Judith McKenna, ex-head of Walmart International, expressed concerns over Asda’s direction.Asda faces challenges including a declining market share and separation from Walmart’s IT.McKenna highlights the need for Asda to complete its systems transformation promptly.Despite issues, Asda has contributed valuable technology and insights to Walmart.Judith McKenna, the former head of Walmart International, has noted with disappointment that Asda is currently not performing as expected following its 2021 acquisition by TDR Capital and the Issa brothers. The grocery chain’s market share has been on the decline…

Sam’s Club, a Walmart subsidiary, has announced a significant pay increase for its frontline workers. The new pay plan affects approximately 100,000 employees.This move is part of a broader strategy aimed at enhancing employee satisfaction and retention, crucial in an industry known for its high turnover rates.Pay Increase and Career Growth OpportunitiesSam’s Club has introduced a new pay plan for its frontline workers, designed to boost both satisfaction and retention. The plan includes wage increases ranging from three to six percent, based on years of service. In addition to financial benefits, the company is offering career growth opportunities, flexible schedules,…

Footasylum has reported a significant increase in pre-tax profits, more than doubling to £6m for the year ending 27 January 2024.Total revenue rose by 7% year-on-year, reaching £319.5m, marking another strong growth period.Online sales saw a 15% increase, contributing to 42.2% of the overall revenue, up from the previous year’s 39.6%.Wholesale revenues also saw substantial growth, increasing by 87% to reach £16.8m and representing 5.3% of total sales.The brand continues to expand with new store openings and a renewed focus on its flagship locations.Footasylum has disclosed its audited financial results showing a significant boost in pre-tax profits, more than doubling…

Vesper Technologies has launched an innovative ‘try before you buy’ artificial intelligence lab in Stockport. The facility allows businesses to test advanced Nvidia systems prior to making purchases.This pioneering initiative, established by founders Allan and Phil Kaye, aims to alleviate uncertainties surrounding AI integration by providing practical testing opportunities.Vesper Technologies, through its new AI lab, enables businesses to explore and experiment with cutting-edge Nvidia technology. The lab highlights a unique opportunity for enterprises to validate technologies before investing. This approach helps mitigate apprehensions regarding AI implementation.The lab has already deployed over 100 Grace Hopper systems, providing businesses with crucial access…