The best places to find Cyber Monday deals 2014: John Lewis, Tesco, Asos, Marks and Spencer, Game, Samsung, Halfords and Morrisons December 1, 2014 Beleaguered shoppers are still nursing their bruises and retailers are still fixing up their stores following UK's biggest-ever "Black Friday", yet the deals keep on coming. Tomorrow is "Cyber Monday", the internet's biggest shopping day of the year when online retailers offer consumers another chance to grab a bargain as the Christmas shopping season [...]
The best places to look for Black Friday deals 2014: John Lewis, Amazon, Marks & Spencer, Very, Curry’s PC World and Halfords November 24, 2014 Retailers are gearing up for Black Friday to be one of – if not the – biggest online shopping day of the year, with hundreds of promotions being planned to tempt consumers to join the spending bonanza. According to the Centre for Retail Research, shoppers will spend £1.32bn over the four days between Black [...]
Amazon UK opening Shoreditch studio to boost fashion business November 23, 2014 Amazon is planning to step up its assault on rival online fashion retailers such as Asos and Next with the opening of a 46,000-square foot fashion photography studio in Shoreditch next year. The move comes as Amazon has been boosting its fashion efforts, signing up more than 100 brands in 2014, including Hugo Boss and [...]
How we can turn London’s thriving tech startups into billion dollar digital giants November 16, 2014 Just four years after the Prime Minister and the mayor of London launched the Tech City initiative, London now has one of the fastest growing technology sectors in the world. Visitors to any of its tech hubs will be struck by the industry and dynamism of the capital’s entrepreneurs and startups, driving innovation and change. [...]
New Look defies warm weather as profits soar November 11, 2014 New Look has defied the warm weather that has dampened other retailers' sales, with the fast fashion business reporting profits up a whopping 89.1 per cent for the first half of the year. Profits before tax stood at £26.1m for the six months to September 27 – up on £13.8m the same period last [...]
Asos CEO Nick Robertson: Bruised and burnt but fighting back October 21, 2014 What doesn’t kill you makes you stronger, Nick Robertson declared yesterday. The Asos chief executive has had a tough year, riddled with profit warnings, a fire at its main warehouse, and slowing international sales that have left the firm’s shares badly bruised. Until this year, Asos’ shares have enjoyed a meteoric rise, thanks to [...]
Asos share price leaps as sales climb 27 per cent following tough year for online retailer October 21, 2014 Shares in online retailer Asos have leaped almost 20 per cent this morning, after the beleaguered online retailer reported a 27 per cent rise in sales. Although results posted today showed pre-tax profits fell 14 per cent to £46.9m in the year to the end of August, from £54.7m during the same period last year, [...]
George Osborne braced for bad news on deficit reduction – London Report October 19, 2014 Public finance figures due out tomorrow are likely to be a blow to chancellor George Osborne, with tax receipts lowered by very low earnings growth. Economists predict that Osborne is now unlikely to meet fiscal targets for the year, despite improved economic activity, stronger house prices and an improved labour market. Howard Archer, of IHS [...]
Boohoo claims credit for online market success October 14, 2014 BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday. Boohoo made its successful debut on Aim in March, with a market value of £560m, just [...]
Fears over Ebola contagion puts airlines in a spin – London Report October 7, 2014 BRITAIN’S top share index fell back yesterday, with travel and leisure companies hit by concerns that the spread of Ebola outside Africa could hurt air travel and the tourism business. Sentiment was also hit by a set of poor data, including an unexpected four per cent month-on-month drop in German industrial production in August. Analysts had [...]