Mail order butcher Donald Russell has secured a
£5.2 million loan from Lloyds Bank Corporate Markets to
“expand the ecommerce side of the business” reports
the Scotsman.
Apparel cataloguer Bonprix, part Otto
Group, announced sales of £950 million for the
2010/11 financial year, up 17 percent on the previous year,
writes the Yorkshire Post.
Pretax profits at shoe retailer Clarks grew by
28 percent to £109 million, with revenues up 9.2 percent to
£1.28 billion. Chief executive Melissa Potter told the
Telegraph the growth was driven by Clarks’
overseas business, particularly North America.
The Independent reports that
Argos‘s director of operations John Douglass is
retiring. Taking his role will be Stephen Carson, a senior
director at sister company Homebase.
Debenhams and Sears are in
talks about the UK-based department store chain opening
concessions or franchise areas in Sears stores in the US, reports
the Telegraph.
Electronic components distributor
Electrocomponents announced that in the year to
31st March 2011, underlying sales rose 21 percent to £1.18
billion with all regions seeing double-digit growth. Operating
profit rose 51 percent to £119.8 million and pretax profit
increased by 50 percent to £114 million.
Apparel retailer Roman Originals has bought some
of CDU plc’s brands from administrative receiver MCR.
Occasion-wear brands Frank Usher, Coterie, Michel Ambers and Dusk
were acquired by the retailer/cataloguer on 28th April
2011.
Here’s one for stats fans: online marketplace
eBay predicts that mobile shopping could deliver
a £4.5 billion boost to Britain’s economy by 2016 and a
further £13 billion by 2021.
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