All Entertainment articles – Page 87
-
News
Barnes & Noble posts 5% decrease in second-quarter sales
Book retailer Barnes & Noble posted a 5% decrease in second-quarter sales to $1.2bn (£700m). Store sales decreased 5% to $1bn (£600m), with like-for-like sales down 6.9% for the quarter.Sales generated by the retailer’s website climbed to $102m (£62m) for the quarter, a 2% increase compared with the year before.The ...
-
News
Costco opens first Australian store in Melbourne
US-based warehouse club Costco has opened the doors of its first Australian store.Located in Melbourne, the 155,000 sq ft store attracted more than 1,000 shoppers within the first hour of trading. The store features about 3,600 SKUs comprising groceries, electronics, clothing, DVDs, books and furnishings.Fresh food is predominantly sourced locally, ...
-
NewsConsole price cut to benefit Game
Game’s shares were expected to rise after Sony revealed a much-anticipated PlayStation 3 price cut on Tuesday.
-
NewsVAT loophole’s potential closure could benefit stores
HMV’s store network could benefit from the possible closure of a Channel Islands tax loophole affecting etailers.
-
NewsSony slashes price of PlayStation 3
Sony has slashed the price of its PlayStation 3 games console in an attempt to boost sales for the vital Christmas season.
-
NewsOnline retailers under threat as Government clamps down on VAT loophole
Online retailers using a Channel Islands VAT loophole on the sale of entertainment products are under threat as Government looks into whether they are abusing the system.
-
NewsHMV shares rise as Fox recommits
HMV shares bounced back after chief executive Simon Fox pulled out of the race for the top job at embattled broadcaster ITV.
-
NewsPaperchase profits plunge by 20%
Stationery retailer Paperchase saw pre-tax profits plunge by 20% from £8.1 million to £6.5 million for the 12 months to 31 January.
-
NewsBBC wins 2entertain case against Woolworths administrator
The BBC’s commercial arm, BBC Worldwide, has won a court case against Woolworths’ administrator Deloitte over the value of joint venture 2entertain.
-
NewsHMV’s Simon Fox drops out of race to head ITV
HMV boss Simon Fox has dropped out of the race to become chief executive of ITV.
-
NewsAuditors raise concerns about Borders UK
Borders UK auditor Ernst & Young raised doubts about the ability of the bookseller to continue as a going concern, according to accounts filed at Companies House.
-
AnalysisSimon Fox: HMV chief is a wanted man
Fox has been hailed a magician for his turnaround of HMV so it’s no surprise he’s being chased by stricken broadcaster ITV, says Tim Danaher
-
News
Revenues at PPR decline
Revenues at retail and luxury group PPR declined 3.6 per cent to €9.2bn (£7.9bn) in the first half.At its entertainment fascia Fnac, sales in its home market were down 5 per cent. Fnac’s operations in Belgium, Portugal and Brazil showed solid growth, whereas sales in Spain continued to deteriorate, dropping ...
-
NewsHMV seeks fashion links to extend range
HMV is in talks with apparel retailers and brands with a view to ramping up its clothing offer, as it continues looking beyond its traditional categories to increase revenue.
-
NewsRough Trade website to match in-store offer
Iconic independent music retailer Rough Trade will relaunch its website in September to synchronise its online operations with what it does in stores.
-
AnalysisNeed to know... Spotify
Streaming site Spotify offers an alternative distribution model for music, but can it prove a money maker and does it pose a threat to traditional retailers?
-
OpinionPoliticians fiddle as the internet burns cash
The European Commission wants to ask the audience to help it formulate its strategy for building a digital economy that thrives.
-
NewsSpotify attracts high profile investors
Spotify, the digital music download service, is close to securing new funding from investors including the charitable foundation of Hong Kong tycoon Li Ka-shing.
-
News
Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
-
AnalysisPhilip Downer: Borders boss is no quitter
Having led a management buyout of Borders, Downer finally has a shot at restoring some stability at the ailing bookseller says Nicola Harrison