Retail news
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Compass boosted by new contracts
- Posted:
- 30 July 2010 11:08
Compass has posted higher revenue growth in its third quarter, boosted by new contracts with the Gates Foundation and rugby club Harlequins.Group revenues rose by 5.5% in the third quarter to June 30th compared with a 0.4% rise in the first half. Growth has been strongest in North America, boosted ...read more
Kindle helps Amazon reach 41% sales growth in second quarter
- Posted:
- 23 July 2010 09:33
Amazon.com, has announced a 41% rise in sales in the second quarter, boosted by its Kindle e-book reader. Amazon.com is now selling more Kindle books than hardcover books.In the period, net sales increased 41% to $6.57 billion, compared with $4.65 billion in second quarter 2009. Excluding the $48 million unfavourable ...read more
Amazon launches UK grocery site
- Posted:
- 08 July 2010 09:38
Amazon has launched an online grocery site in the UK, in a challenge to online specialist Ocado. Amazon already sells groceries online in the United States and recently launched in Germany. The online retailer plans to sell over 22,000 products in the UK and offer a range of delivery options, ...read more
Ocado nears IPO
- Posted:
- 04 June 2010 10:28
Ocado has taken a step closer towards a £1 billion stock market float with the appointment of five additional investment banks to advise on the deal.The online retailer has appointed Barclays, Lloyds Banking Group, HSBC, Numis and Jefferies as co-managers to work alongside Goldman Sachs, UBS and JP Morgan Cazenove.If ...read more
Mixed results at Home Retail Group
- Posted:
- 28 April 2010 09:46
Argos and Homebase parent company Home Retail Group today reported an 11% fall in annual profits and cautioned over a difficult 2010 for the retail industry in general. The group posted underlying pre-tax profits of £293 million for the year to February 27th, but the result was better than original estimates ...read more
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