News roundup—17th January 2008

News roundup—17th January 2008

Argos is the latest retailer to post disappointing
Christmas results. The cataloguer posted a 0.2 per cent decline in
like-for-like sales fox for the 18 weeks ended 5 January. The chief
executive of parent company Home Retail Group-which also owns
Homebase-is now asking the central bank to cut interest rates,
Financial Times reports as the consumer slowdown is
“now more evident”.

Following an investigation by the Advertising Standards Agency
(ASA), Simply Supplements has agreed to pull from its
catalogue copy claiming that garlic supplements can inhibit the
growth of cancer cells, among other health benefits. According to, the ASA said that
because the claims had not been substantiated, the copy was

Sloppy data protection and compliance systems could cost
Carphone Warehouse and sister company TalkTalk
thousands of pounds reports The Information Commissioner’s
Office (ICO) is giving the company 35 days to clean up its act
following a “serious” breach of the Data Protection
Act that led to customer names being passed on to credit agencies
and other customers, among other issues.

Clearwater Retail Finance
Retail and Consumer Brands Team
issued its picks of merchants it thinks will thrive this year.
Among their choices: home decor cataloguer/retailer Cath
Kidston “as the business continues with international
expansion in the US and Japan and growth through multichannel at
home”, online merchant and organic-food
direct marketer Abel & Cole.


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