Retail sales in the UK have now risen for the longest sustained period in more than six years, government figures show.
A 2.7 per cent year-on-year increase in sales to September means that the figure has risen for 18 months in succession.
But the Office for National Statistics’ figures show that retailers are under heavy pressure to cut prices in order to keep their share of sales.
This is most dramatically seen in th ...read more
Amazon’s shares took a dive in late New York trading yesterday, after suffering what one analyst called “an ugly quarter”.
In addition to posting much bigger losses than expected, of $437million (£273million), it has also trimmed its forecasts for business in the crucial forthcoming Christmas period.
The deficit, which was more than 10 times bigger than that reported in the previous three months, was attributed largely t ...read more
Seven-month-old Eddie Charters may be a little too young to kick a ball – let alone decide which football team he wants to follow.
But his dad has chosen a novel way of determining which of deadly city rivals Manchester City or Manchester United his little boy should support – he’s inviting bids from rival supporters for the little lad’s loyalty on eBay.
Ian, 30, is promising that he’ll take young Eddie to home games at either O ...read more
Latest results from two of the UK’s biggest ‘bricks and mortar’ retailers, issued this morning, show how shoppers’ migration online and to discount supermarkets is severely hitting profits.
Tesco, Britain’s biggest supermarket, announced that its sales had tumbled for a second successive quarter.
Like-for-like sales – ignoring the effect of new store openings - in the most recent quarter were down by 5.5 per cent on the same period a year ago, the rate of decline having accelerated from ...read more
A host of drivers and warehouse staff will be among the extra workers taken on by courier firm Yodel to help it meet the pre-Christmas delivery peak, the company has announced.
The company expects to handle up to one million parcels a day during the busiest time of the year, but also says that, due to a general upturn in its business, many of the seasonal posts may be translated into permanent jobs.
Opportunities are available throughout the UK. While London is a major cent ...read more
With the busiest time of the year around the corner for most online storeholders, The Guardian has gathered a series of choice tips from four leading figures from the UK’s e-commerce sector.
Just over two months from the big day, Sebastian Dreyfus, boss of one of Europe’s leading media and marketing agencies, notes that, with festive season sales accounting for up to 40 per cent of a firm’s yearly sales, “it’s critical to get it right”.
He says store-owners need to learn from their exper ...read more
A trio of sails which helped power British Olympic sailor Ben Ainslie to gold medals at three successive Olympic Games is up for auction on eBay.
The proceeds from the auctions will go to ‘Bart’s Bash’, a foundation set up in memory of fellow sailor Andrew Simpson, who died last year while training to take part in one of the sport’s ‘blue riband’ events, the Americas Cup.
The sails from the games in Athens i ...read more
A fire at one of its major British warehouses, and the strength of sterling, were the two main factors blamed by ASOS for reporting a 14 per cent drop in profits.
This morning’s figures showed that the company’s international sales had grown by 22 per cent year-on-year – but this was half the rate it had expected.
However, the figures were sweetened slightly by a stronger-than-expected performance in the UK, where sales rose by 35 per cent in the year to the e ...read more