Home Retail profit slumps by 60pc May 2, 2012 Home Retail, the country’s biggest household goods retailer, posted a 60 per cent slump in year profit and axed its final dividend as its cash-strapped consumers bore the brunt of the economic downturn. The owner of catalogue-based Argos stores and the Homebase do-it-yourself chain said on Wednesday it remained cautious about the consumer outlook and [...]
Home Retail profit slumps by 60pc May 2, 2012 Home Retail, the country’s biggest household goods retailer, posted a 60 per cent slump in year profit and axed its final dividend as its cash-strapped consumers bore the brunt of the economic downturn. The owner of catalogue-based Argos stores and the Homebase do-it-yourself chain said on Wednesday it remained cautious about the consumer outlook and [...]
A Facebook bank is far more likely than you imagine May 13, 2012 THE internet gives banks innovative ways of providing services to customers. But it also brings new dangers. Online giants like PayPal, Facebook and Amazon are leading the way on customer experience. Could they go further, and take on banks directly? Facebook has already moved into the world of “virtual currency”. Facebook Credits, costing 10 cents [...]
Mothercare to close more UK stores April 12, 2012 Mothercare said it would close more UK stores as it seeks to restore profitability in its home market, after sales there slumped in the fourth quarter. Last November the baby and mother retailer launched a strategic review of its British business having detailed plans in May to close about 110 stores over two years as [...]
Mothercare to close more UK stores April 12, 2012 Mothercare said it would close more UK stores as it seeks to restore profitability in its home market, after sales there slumped in the fourth quarter. Last November the baby and mother retailer launched a strategic review of its British business having detailed plans in May to close about 110 stores over two years as [...]
Costs hinder Amazon profit July 26, 2011 ONLINE retail outlet Amazon reported a surge in quarterly revenue yesterday, on sales of its Kindle electronic reader and other electronics and forecast far better-than-expected revenue for the current quarter. The firm’s shares shot up six per cent in after-hours US trading. The firm benefited from growth in e-commerce, though margins continued to be pressured [...]
Keep time in high style with a statement clock March 1, 2012 HEALS VITRA SUNFLOWER CLOCK BY GEORGE NELSON £734 www.heals.co.uk DIAMANTINI & DOMENICONI LARGE WALL CLOCK £190 www.occa-home.co.uk TNOTIME CLOCK BY FARROW £140 www.scp.co.uk GRAHAM & GREEN CREAM CONVEX WALL CLOCK £130 www.grahamandgreen.co.uk KARLSSON WALL CLOCK BIG SPIDER STEEL W.PLASTIC BALLS CHROME £27 www.amazon.co.uk EICHHOLTZ GOLDSCHMIED HANGING CLOCK £144 www.occa-home.co.uk PERSONALISED VINTAGE RECORD PLAYER CLOCKS BY [...]
Tim Cook visits China to discuss Apple growth March 27, 2012 APPLE chief executive Tim Cook has met with government officials in Beijing after a turbulent few months for the iPad maker’s Chinese operations. The Cupertino-based company declined to elaborate on details of the visit, which is Cook’s first trip to China since becoming chief executive, but hinted it was looking at expansion in the country. [...]
Best Buy chief out amid probe over conduct April 10, 2012 BEST BUY chief executive Brian Dunn has left the world’s largest consumer electronics chain, which has struggled against stepped-up competition from internet retailers and discounters. A spokesperson said the company veteran had left after “certain issues were brought to the board’s attention regarding Mr Dunn’s personal conduct”. The firm said his conduct was not related [...]
HMV is finding it hard to match online value January 10, 2012 ON Monday, media store HMV reported a fall in sales over the Christmas period, and said it remains concerned about its ability to continue trading in its current form. A look at YouGov’s BrandIndex tells an interesting story about the problems the retailer faces. What we often see with companies that have financial difficulties is [...]