Amazon shares tank after hours following huge $437m losses October 23, 2014 SHARES in online giant Amazon fell sharply last night after the retailer announced a $437m loss in the third quarter, much higher than the $41m loss it reported for the same period a year before. Ten per cent was wiped off the company share price in after-hours trading, following the shock results. The online superstore [...]
Dixons Carphone boss Sebastian James steals Retail Week Power List crown from Next’s Simon Wolfson June 26, 2015 Dixons Carphone chief executive Sebastian James has been crowned the most powerful person in British retailing, knocking Next's Simon Wolfson off the top spot. James has stolen the number one position in Retail Week's annual Power List, published today, for his work successfully merging the two retailers, creating a £10bn business that swooped into [...]
Amazon unveils plans for 1,000 new warehouse jobs in the UK October 13, 2014 AMAZON is planning to hire 1,000 more staff to work at its distribution centres across the UK. The permanent staff will be based at Amazon’s centres in Doncaster, Dunfermline, Gourock, Hemel Hempstead, Milton Keynes, Peterborough, Rugeley and Swansea Bay over the coming months. The hiring spree will add to the 6,000 existing staff working at [...]
OMG! LOL! NBCUniversal invests $200m in Buzzfeed August 18, 2015 US media company NBCUniversal has made a $200m (£127m) investment in digital media upstart Buzzfeed, valuing it at more than $1bn. In addition to the widely rumoured injection of cash, the pair will work together on content for television, movies and the Olympics. They'll also work on advertising content with brands – although neither side expanded [...]
Total solar eclipse 2015: How to watch in London with a DIY pinhole camera September 23, 2015 Allowing for toxic smog or the vagaries of London weather, tomorrow we will see the first total solar eclipse in 16 years. But, as we were all taught in school, you should never look directly at the Sun, and experts are warning that doing so could cause a “solar burn” on your retina. In other [...]
Amazon’s Fire launches in the UK September 8, 2014 AMAZON’S Fire smartphone, the online retailer’s first foray into the crowded smartphone market, will go on sale in the UK on 30 September following its US launch in June. Amazon yesterday announced it has partnered exclusively with O2 to launch the phone which will be free on a £33 a month contract. The Fire features [...]
Supermarket wars: Aldi has changed the face of UK retailing in its first 25 years – but it must adapt as much as everyone else to continue August 24, 2015 As Aldi celebrates 25 years of trading in the UK the joy may be felt by the German-owned discount chain and the great British price-conscious shopping public for its impact on the cost of food. But the reaction from rival retailers, big and small, and pretty much everyone else in the supply chain who [...]
Amazon could be opening physical store in New York in time for Christmas October 9, 2014 Amazon is entering a brave new world. In an unusual move for an online company, the retail powerhouse is reportedly setting up a shop. That’s right – a real, physical store that sits on the street and has its doors open to the public. It’ll never catch on. The Wall Street [...]
The EU risks damaging consumer interests in its push against Google dominance July 22, 2015 Jean Tirole won last year’s Nobel prize for economics for his work on a new type of market – and one that has grown with the meteoric rise of the internet. So-called two-sided markets arise when a company brings together suppliers and consumers. Google is a classic example: it provides browsers with web pages, and [...]
One in four millennials would rather bank with a tech company like Apple or Google than their current bank July 29, 2015 Fed up with your bank? You’re not alone. Just one in three millennials (that's people born after 1980) actually think their bank meets their requirements, and in fact, quite a few of them think Apple or Google would do a better job. It seems out of touch banks risk losing millennial business, as just 32 [...]