ASOS is fighting off a challenge by German retailer Anson’s over the use of its trading name in Germany. According to the Financial Times, menswear retailer 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. If successful, Asos may have to operate under a different name. Anson’s currently does not sell online.
Jersey-based cosmetics and beauty products detailed Feelunique has seen sales grow 50 per cent 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.
In his first speech to the City, Tesco’s new chief executive Philip Clarke is expected to unveil record profits for the supermarket chain, but also a warning that retail will remain challenging in 2011, writes the Guardian.
According to the Independent, consumers are “consolidating their spending with their favourite multichannel retailers”. This means consumers are choosing to shop with one particular brand through its web, store and catalogue channels rather than spreading their purchases across several retailers. According to the article, “those without multichannel propositions may well lose out” as consumers “eschew choice” to shop with one trusted brand.
Share