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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
Harrods has taken a significant step in its sustainability journey by releasing its inaugural ESG report.The report highlights Harrods’ decarbonisation efforts with a 2.4% reduction in Scope 1 and 2 emissions.Solar panel installation at the Thames Valley centre now contributes 41% of its annual power needs.A new Community Pillar strategy has been introduced to support global communities through charity partnerships.The Harrods beauty recycling scheme has been launched, emphasising circularity.Harrods has released its first Environmental, Social and Governance (ESG) report, marking a crucial step in the company’s sustainability efforts. This report covers progress from 1 February 2023 to 31 January 2024,…
N Brown Group has transitioned from a loss to a profit, reporting £5.3m before tax for the year ending 2 March.Group revenue declined by 9.8% to £601 million due to challenging market conditions.The company’s focus on profitable sales drove a significant improvement in adjusted profit before tax.Product developments and strategic transformations were highlights for N Brown’s individual brands.N Brown’s CEO reported achieving strategic and financial objectives, driven by key market changes.In a noteworthy turnaround, N Brown Group has reported a pre-tax profit of £5.3 million for the fiscal year ending 2 March. This marks a substantial improvement from the previous…
Goodhood, an esteemed independent retailer, has relocated to a larger store in East London’s Hanbury Street, embracing an innovative retail approach.Originally established in 2007 on Hoxton’s Coronet Street, Goodhood moved to Curtain Road in 2014, gaining a dedicated following.The new Hanbury Street venue echoes the founders’ passion for Japan, featuring a dynamic rotational stock model.Brands like Snow Peak and Yeti lead in the new store, complemented by design-centric homeware from Seth Rogan’s Houseplant.The new space is set to support pop-ups, brand takeovers, and a circular ‘Life After Death’ initiative for deadstock.Goodhood, a revered cult concept store praised for its curated…
Luxury fashion brands Marni, Maison Margiela, and Jil Sander are adopting digital authenticity certificates.OTB aims to certify 1.5 million luxury products with NFC chips by Autumn/Winter 2024 collections.The Aura blockchain platform will be used to ensure product traceability and authenticity.The initiative is part of a broader industry move towards transparency and technology integration.CEO Stefano Rosso highlights the innovation in customer interaction and future readiness.Luxury fashion brands Marni, Maison Margiela, and Jil Sander are introducing digital authenticity certificates, aiming to enhance transparency for consumers. This initiative involves equipping each garment or accessory with a Near Field Communication (NFC) chip.The project is…
Uniqlo, the renowned Japanese retailer, is set to open a new store in London’s Coal Drops Yard this autumn.The store will occupy a 12,000 sq ft unit spread across three floors, marking a significant retail deal for Coal Drops Yard.This location was previously held by Wolf & Badger, adding to Uniqlo’s expanding presence in London.Alessandro Dudech, Uniqlo UK COO, expressed excitement about bringing LifeWear to more Londoners and visitors.King’s Cross head of retail, James Rayner, highlights the deal’s strategic importance for Coal Drops Yard.Uniqlo, a leading Japanese fashion retailer, has announced the opening of a new store in Coal Drops…
Monsoon has partnered with My Wardrobe HQ to introduce a rental collection ahead of the wedding season.The collection features 30 rental options including bridalwear and occasion dresses.Prices range from £5-£14 per day, offering affordability and flexibility to customers.This initiative follows a 4% decline in Adena Brands’ group sales, Monsoon’s parent company.Monsoon aims to offer sustainable, cost-effective choices while broadening its market reach.Fashion retailer Monsoon has strategically teamed up with My Wardrobe HQ to unveil a rental collection, specifically timed for the impending wedding season. This collaboration seeks to provide a broad range of options for those looking for bridal and…
Zara is expanding its live shopping experience to the UK, Europe, and the US.Originally launched in China in November 2023 through Douyin, the interactive format showcased extensive catwalks and behind-the-scenes content.This format has reportedly spurred sales growth in China, with financial results expected soon.Other retailers like Ebay and AliExpress are adopting similar live shopping strategies this year.Zara will utilise its ecommerce website and mobile app to host live shopping in new markets.Zara, a prominent fashion retailer, is set to expand its live shopping broadcasts to the UK, Europe, and the US, after successfully introducing the concept in China last year.…
Marks & Spencer collaborates with Sienna Miller for a new summer collection.The partnership follows Miller’s debut in M&S’s autumn/winter 23 campaign.Collection features 33 pieces inspired by summer festivals and 1970s prints.Highlights include a ruffle maxi dress and a versatile sarong.The collection is available online and in select M&S stores from 6 June.Marks & Spencer has joined forces with British actress Sienna Miller to launch a new summer collection, marking their continued collaboration following her appearance in the brand’s autumn/winter 23 campaign. This latest endeavour reflects the mutual aspiration to create fashionwear that resonates with modern consumers.The summer collection, comprising 33…
Sir Jon Thompson joins Frasers Group as a non-executive director, bringing a wealth of experience from his previous roles.Thompson’s extensive background includes leadership positions at the Financial Reporting Council, HMRC, and the Ministry of Defence.His expertise in corporate governance and major project management aligns with Frasers Group’s strategic goals.Thompson’s appointment was initially part of a broader series of appointments announced in February.Frasers Group CEO Michael Murray emphasises the value of Thompson’s experience for the company’s future strategies.Frasers Group has officially appointed Sir Jon Thompson as a non-executive director to its board, a move that is set to bolster the company’s…
White Stuff is broadening its reach by partnering with Marks & Spencer to open in 10 more stores across the UK.This partnership marks an important step, enhancing White Stuff’s accessibility in strategic locations.By the end of this expansion, White Stuff will be present in 20 Marks & Spencer stores.Locations selected for new launches include Southampton, Watford, and Sheffield, among others.White Stuff’s unique designs continue to attract and satisfy a broad customer base.White Stuff is expanding its collaboration with Marks & Spencer to include an additional 10 stores, reflecting the brand’s increasing popularity and demand. White Stuff’s offering at Marks &…