News roundup—10th December 2008

News roundup—10th December 2008

Kingstown Associates, the parent company of the
Healthy Living Direct catalogue, has been acquired by
its finance and operations director, Carl Edwards, former
Damart UK board member Nigel Mellor and industry vet
Dave Whittle, reports

”Mega Monday”-aka 8th December-was indeed mega
when it came to online sales. Transaction values hit £320
million, reports Sky News, the largest one-day sales volume
this year. In terms of web traffic, though, it was only the
third busiest.

TV-shopping and eCommerce firm Ideal Shopping Direct
“became the first UK retailer to issue a pre-Christmas
profits warning after seeing sales plunge last month”,
according to The Guardian. The company, which is
projecting a £4 million loss for the fiscal year, is
making 15 per cent of its workforce, or approximately 70
employees, redundant.

Argos and Homebase, both of which are owned by
Home Retail Group, are joining forces for a cobranded
clearance website,, reports DIY Week.

Park Group managing director Christopher Houghton speaks
with the Liverpool Daily Post about how the economic
slowdown could be good for the savings-club cataloguer’s


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