News roundup—Findel financials, January retail sales


  • For the 39 weeks ended 1st January, sales from continuing
    operations within Findel’s home shopping division were up
    10 percent from the previous year. Among specific brands,
    sports-gear etailer Kitbag enjoyed a jump in sales of more
    than 35 percent, though “trading conditions in
    Confetti and IWantOneofThose.com remain
    challenging,” according to a statement. Sales within the
    education supplies division fell by 12 percent, while sales
    within the healthcare group rose 1 percent.
  • Ouch: “UK high-street sales fell at their sharpest
    annual rate for five months in January, according to a survey by
    the CBI business group,” reports the BBC.
    The VAT increase and frigid weather received much of the blame.

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