Ann Summers is set to move out of the bedroom by
expanding its range to sell cosmetics and swimwear next month,
writes the Telegraph.
Groceries etailer Ocado has delivered a 25
percent rise in gross sales to £427.3 million in the year to
29th November 2009, reports the Financial Times. Ocado, which has yet to
report a pretax profit, narrowed losses by a third to £14.4
million last year.
Having last month postponed its IPO intentions, the board of
apparel retailer New Look is meeting again this
week to assess whether trading conditions have improved
sufficiently to resurrect flotation plans. According to the
Independent, the listing could come as early as June,
“just five months after the IPO failed to gain traction
with investors for a second time in three years”.
Lastminute.com and MyDeco founder Brent
Hoberman and Bebo cofounder Michael Birch are two of the
investors behind Made.com a new website that
allows the public to vote on furniture designs, with the most
popular pieces going into production and voters receiving a
discount. Made.com is the brainchild of entrepreneur Ning Li, he
told the
Guardian that his venture could more than halve the price of
contemporary furniture by cutting out the wholesaler and the
retailer.
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