Latest online retail news – Page 318
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Music and DVD sales continue to slide
The number of shoppers who buy music and DVD products regularly has fallen for the fourth year in a row, according to Verdict Research.
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Flying Brands profits plummet
Pre-tax profits at multichannel retailer Flying Brands have more than halved in the 26 weeks to June 27, falling to 1.2 million.
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QS forced to refinance after £25m loss and falling sales
QS is renegotiating one of its bank loans after incurring a 25 million pre-tax loss.
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Amazon profits double
Profits at online retailer Amazon.com soared 102 per cent to US$158 million ( 79 million) in its second quarter to June 30.
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Ocado to expand beyond food
Ocado is to expand beyond food into areas such as clothing and health and beauty as it notches up sales of 1 billion.
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Ebay triumphs in counterfeit goods case
EBay has survived a four-year legal wrangle with Tiffany over the jeweller’s claim that the online auction site should be held liable for the sale of counterfeit jewellery on its site.
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Flying Brands to shut Greetings Direct after US move flops
Home shopping group Flying Brands is to shut its Greetings Direct business after its US launch failed.
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Asos set for overseas assault as profits race booms
Asos is poised to launch foreign-language versions of its web site as it sets its sights on international expansion to continue market-leading growth.
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EBay hit by retailer backlash
EBay is facing a backlash from retailers and brands after the online auction site was ordered to pay damages of €40 million ( 31.9 million) to LVMH this week.
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EBay to pay out to LVMH
Auction site eBay has been ordered by a French court to pay almost €40 million ( 31.7 million) to luxury goods group LVMH for failing to block the sales of counterfeit goods on its site.
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Asos profits rocket 117%
Online fashion retailer Asos continues to buck the downturn, recording pre-tax profits up 117 per cent to 7.3 million.
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EBTM profits soar
Multichannel music retailer EBTM has increased its revenue 401 per cent to 6.7 million in its full-year results, driven by acquisitions it made last year.
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Average price of grocery basket up 21 per cent
The price of a shopping basket containing 24 staple items of food has increased by an average of 21 per cent year on year, according to online price comparison site Mysupermarket.co.uk.
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Flying brands: the city view
Tricia Killen, former president of Reader’s Digest for Western Europe, has her work cut out as the new chief executive of home shopping group Flying Brands.
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Flying Brands to miss targets
Home shopping group Flying Brands has continued to suffer from bad debts and warned that it will miss full-year profits by 1.1 million.
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Play.com reveals first phase of site revamp
Play.com has revealed that the redesign of its web site is only the beginning of a phase of planned development work.
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Asos to launch menswear catalogue
Online fashion retailer ASOS.com is to launch a menswear catalogue this week.
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NewsNet-a-Porter launches review
Internet entrepreneur Natalie Massenet is understood to be conducting a review of her fashion e-tail business Net-a-Porter.com.
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Ocado opens door to float with five-year Waitrose deal
Ocado has agreed in principle a landmark five-year deal with Waitrose, paving the way for a potential flotation of the e-tailer.
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Asos picks Paperchase IT boss to drive web
Asos has poached Paperchase global IT chief Gary Mudie to bolster its growing web site, as it revealed a sharp rise in full-year sales.