Retail news
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Virgin Media launches movies on demand service
- Posted:
- 29 June 2009 09:32
Virgin Media has announced a joint venture with Universal Pictures that will bring a "movies on demand" TV subscription service to Virgin Media customers.The PictureBox service will be available from July for £5 per month and promises to provide a broad selection of recent and library feature films. Subscribers will ...read more
Virgin Atlantic trumps BA in profit gains
- Posted:
- 26 May 2009 09:34
Virgin Atlantic has bucked the trend seen by other airlines in recent times, reporting a near doubling of annual profits.The company said that, in the year to February 30th, it saw pre-tax profits soar from £34.8 million to £68.4 million, contrasting with BA's recently reported £401 million loss.The carrier added ...read more
Virgin Media sells off Sit-up Home shopping group
- Posted:
- 03 April 2009 09:35
Virgin Media has sold its home shopping business to a German restructuring firm. The company said that its Sit-up division, which trades as bid tv, price-drop tv and speed auction tv, was sold to Aurelius yesterday.A spokesman for Virgin Media said the consumer downturn had prompted the decision to sell. ...read more
Entertainment retailers boosted by games sales
- Posted:
- 24 March 2009 09:06
Figures from the Entertainment Retailers Association (ERA) have suggested that the success of Nintendo's Wii helped entertainment retailers to bear up against falling sales on the high street. Their business swelled 3.8% by volume and a "healthy" 5.1% in value last year, even as Zavvi and Woolworths fell by the ...read more
Virgin Megastores to exit US
- Posted:
- 06 March 2009 09:26
Virgin Megastores is closing its six US stores over the next few months. At its peak, the chain had 23 stores in the US, falling to 11 by the time it was sold to real estate groups Related Companies and Vornado Realty Trust in 2007.The six remaining sites occupy prime ...read more
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