Author: Scott Dylan

Ted Baker is set to revitalise its online presence in the UK and Europe through a strategic relaunch of its ecommerce platform, expected to take place in autumn 2024.The management of Ted Baker’s ecommerce operations in the UK and Europe will be taken over by United Legwear & Apparel Co., as announced by Authentic.United Legwear will also handle the design and manufacturing of men’s sportswear, golf, and denim categories for Ted Baker in the US and Canada.Ted Baker’s stores and concessions in the UK and Europe ceased trading following administration earlier this year, setting the stage for this new digital…

Reports indicate Burberry may be removed from the FTSE 100 Index due to a sharp decline in share prices.Burberry has seen a 70% drop in share prices over the past year, reaching a 14-year low.The company’s profits fell by a third in the year ending March 2024 amid decreasing global luxury demand.Revenue experienced a 4% decline year-on-year, with Q4 store sales dropping by 12%.A leadership change occurred in July, as Jonathan Akeroyd stepped down, succeeded by Joshua Schulman.British luxury brand Burberry is facing the possibility of being removed from the FTSE 100 Index, a significant indicator of a company’s financial…

Kurt Geiger has achieved a notable financial performance amidst challenging global economic conditions.The company’s earnings soared by 34% in the financial year of 2023/24, exceeding £40m.Annual sales increased by 10% to reach £360m, driven by demand for affordable luxury handbags.North America has become a significant market, with sales skyrocketing from £2.5m in 2018 to £255m.The brand’s strategic focus on unique design and customer value has positioned it distinctively in the market.In a remarkable achievement, Kurt Geiger has managed to perform exceptionally well despite facing a challenging economic environment. The brand’s earnings escalated by an impressive 34%, surpassing the £40m mark…

Awen Oncology, a trailblazer in cancer treatment, has secured a major equity investment.With strategic backing from the Development Bank of Wales and Start Codon, this Welsh firm is poised to enhance its cutting-edge cancer therapeutics.Awen Oncology, a pioneering life sciences firm, has recently received a substantial equity investment from the Development Bank of Wales and Start Codon. This investment will propel the advancement of anti-cancer drugs targeting various cancer types. With this funding round, the company has raised over £1 million, solidifying its position in the oncology sector.The start-up was established by co-founders Dr. Ramsay McFarlane, Dr. Jane Wakeman, and…

The British fashion industry is under scrutiny for its insufficient response to the climate crisis.The Collective Fashion Justice report highlights that only 3.4% of British Fashion Council brands have climate targets.This figure starkly contrasts with 44% of British companies that have structured climate plans.Emma Hakansson criticises the industry for lack of meaningful climate investment and policy support.Five brands are acknowledged for science-based emission targets, but more action is needed across the sector.The British fashion industry has recently come under criticism for failing to adequately address the climate crisis. According to a report by the campaign group Collective Fashion Justice (CFJ),…

The August bank holiday marked a significant sales increase for many independent fashion retailers across the UK.Independent fashion retailers experienced a rise in customer footfall and sales during the bank holiday weekend.Notably, some retailers reported sales growth upwards of 20% compared to the previous year.Weather conditions impacted sales variably, with some areas seeing decreased footfall while others thrived.Overall, the bank holiday provided a positive end to the summer trading period for many retailers.The August bank holiday weekend proved advantageous for independent fashion retailers in the UK, as reported by multiple businesses. Shoppers took advantage of the long weekend, contributing to…

The Bangladeshi garment sector is confronting significant turmoil due to recent socio-political events.Protests sparked by employment quota issues have led to more than 2,500 arrests, causing widespread unrest.A government-mandated public holiday period exacerbated the situation, leading to substantial financial losses.Severe flooding has further complicated matters, affecting millions and impacting factory operations.Despite challenges, a leadership change has shown promise, with NGOs advocating for responsible purchasing practices.The garment industry in Bangladesh has been severely impacted by recent socio-political events. Widespread protests over employment quotas resulted in over 2,500 arrests and interrupted operations within the sector.A government-imposed holiday period in late July further…

Shoplifting incidents in Scotland have surged, with a significant increase reported in recent statistics.A 34% rise in retail crime has been observed, escalating concerns among retailers and authorities.The Scottish Retail Consortium (SRC) highlights the growing boldness and aggression of thieves impacting shop workers.Despite substantial investments in crime prevention by retailers, theft rates continue to escalate.A call for prioritising crime prevention in strategic policing is made by the SRC to enhance shop security.Recent figures released by Scotland’s Chief Statistician indicate a notable increase in shoplifting incidents, with the number rising from 30,202 to 40,554 offences year ending June 2024. This stark…

Shield Therapeutics has successfully gained approval from Health Canada for its ground-breaking Accrufer tablets. This development marks a significant step as the company ventures into the Canadian market.With Accrufer now approved as a prescription drug for adults, Shield Therapeutics, in partnership with Kye Pharmaceuticals, is set to address iron deficiency and related anaemia across Canada. Investors have responded positively, with shares rising following the announcement.Shield Therapeutics is strategically expanding in North America, with its flagship product, Accrufer, receiving Health Canada’s approval. This milestone not only signifies a triumph over regulatory hurdles but also reaffirms the company’s commitment to addressing iron…

Seasalt is preparing to launch a new store in Glasgow at the Silverburn shopping centre on 7 September.The store spans 276 sq ft and is expected to generate 11 local jobs, contributing to the community.Designed with ‘next generation retail design’, the store will feature UK-sourced materials for versatile and sustainable fittings.This new location marks Seasalt’s fourth outlet in Scotland, supporting the brand’s growth strategy.The company has reported an increase in turnover and profit, highlighting its successful expansion plans.Seasalt is set to enhance its presence in Glasgow with a new store scheduled to open at the Silverburn shopping centre on 7…