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Ideal Shopping Direct to be acquired by Inflexion
TV-shopping business Ideal Shopping Direct is to be acquired by private equity firm Inflexion for £78.3 million. Current Ideal directors Mike Hancox and Ian Jebson will remain with the business. They will be joined by former Halfords chief executive David Hamid who becomes chairman. In the year ending 2nd January, sales increased by 13.5 percent to £117.3 million and pretax profit rose from £1.1 million in 2009 to £6.7 million.
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Purekit buys Extremepie
Purekit, an online seller of footwear and outdoor clothing, has acquired apparel etailer Extremepie for an undisclosed sum. Extremepie’s previous owner Extreme Group had put the business on the market in July last year in order to concentrate on its licensing activities. |
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Argos MD departs
Argos’s managing director Sara Weller has stepped down after the general merchandiser revealed that operating profit plunged 18 percent from £266.2 million to £219.0 million in the year to 26th February 2011. Total sales at parent company Home Retail group, which also owns Homebase, were down 3 percent to £5.85 billion. Benchmark operating profit slumped 13 percent to £251 million during the year.
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Sales drop at FGH, but Otto group confident of international performance
Despite posting a 25 percent drop in sales to €199 million (£175 million), parent company Otto Group says its UK division Freemans Grattan Holdings performed as planned in fiscal 2010/11, and was on course with its “successful restructuring”. Taking FGH’s performance into account, Otto still increased its European turnover (excluding Germany) by 9.5 percent to €3.4 billion, with turnover at the Russian operation doubling to €349 million. Overall group turnover rose by €1.3 billion to €11.4 billion.
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Extended deadline for the ECMOD silent auction
The ECMOD Direct Commerce Awards Silent Auction deadline has been extended by 3 weeks to the 20th May to allow for the upcoming succession of bank holidays. Many companies have kindly donated fantastic prizes this year ranging from top class consultancy days to extreme sailing experiences. All proceeds will go to Macmillan Cancer Support. Download your bidding form here and remember to dig deep for this great cause! |
Tesco grows online business
Group sales at Tesco rose 8.1 percent to £67.6 billion in the 52 weeks ended 26th February, with underlying pretax profit up 12.3 percent to £3.8 billion. The supermarket says its online business grew strongly during the period, up 15 percent on last year. Its UK nonfood online arm Tesco Direct grew 30 percent during the year. |
Strong first quarter at Find-me-a-gift
Online retailer Find-me-a-gift.co.uk has experienced a 25 percent uplift on year-on-year sales during the first quarter 2011. The retailer was helped in part by the strong demand for royal wedding memorabilia, says managing director Adam Gore. |
Wiggle opens store on Facebook
Online bike retailer Wiggle.co.uk has launched a store on Facebook allowing users to shop for items by clicking through to the main Wiggle website. It also allows users to rate products and search by “most liked”. |
Asos challenged over name rights in Europe
According to published reports, Asos is fighting off a challenge by German retailer Anson's over the use of its trading name in Germany. Anson’s has requested a court in Hamburg to prohibit the use of the Asos name to sell clothing in Germany as the name is too similar to Anson’s. Asos has reportedly passed the challenge off as “opportunistic”. According to the national press, however, Asos is also fighting a stronger challenge from Swiss retailer Assos. |
Sales and profits up at Feelunique
Jersey-based cosmetics and beauty products etailer Feelunique has seen sales grow 50 percent from £11 million in 2009/10 to £16.1 million in the year ended March 2011. EBITDA rose 64 percent to £985,000. The company predicts that turnover will rise to about £25 million over the next 12 months. |
Red Eye sign up to exhibit at the ECMOD Direct Commerce Show
Red Eye International Ltd., the behavioural email specialist, has signed up to exhibit at the ECMOD Direct Commerce Show on 30th Nov & 1st Dec at the Business Design Centre in London. Red Eye join a growing list of companies who recognise the value of involvement with this high profile, international exhibition and conference. To find out more visit www.ecmod360.co.uk or call Stuart Martin on 01271 866112. |
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Nine easy steps to online video success
Online video is shaping up to be one of the most important tools in the ecommerce arsenal, so to help you on your video implementation and execution journey, click here for nine top tips.
We’re relaunching!
On 1st May 2011, Catalogue e-business will be relaunched as Direct Commerce. The rebrand and new tagline--every channel, every angle--reflects and communicates our coverage of the growing number of channels now deployed by our reader businesses to reach their customers and prospects.
To subscribe, and receive a copy delivered to yor home or office, email subs@catalog-biz.com.
For more information on advertising in Direct Commerce, and for a glimpse of the new look, call our sales team on 01271 866112.
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E-Commerce Company
For Sale
Established retailer of consumer technology products & accessories.
Turnover £3m / NP £0.5m
Strong brand & customer base.
Excellent growth potential (b2c and b2b)
Suitable as a bolt-on acquisition, or as an MBI.
Please contact PO CC41701 for further information.
Interested trade buyers should provide details of their current business and current revenue.
Interested MBI candidates should submit their CV and provide an understanding of their source of finance.
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E-Commerce Executive
Bishops Stortford, Hertfordshire
Competitive Salary + benefits
Coopers of Stortford are a leading multi channel retailer, with annual sales of £20m through our well established retail, mail order and online channels.This exciting role will play an important part in further developing our rapidly growing online business. Key responsibilities will include: maintaining and updating web content, broadcasting and analysing email campaigns and managing our reseller channels including Amazon. The successful candidate will ideally come from a retail e-commerce background and should have a good understanding of online marketing techniques as well as a knowledge of HTML and basic Photoshop. Most importantly you will have the drive and energy to thrive in a fast paced and entrepreneurial business.
To apply, please send your CV and covering letter to a.ahmed@coopersofstortford.co.uk
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