News roundup—18th February 2009

News roundup—18th February 2009

After less than a year in the job, Tricia Killen has quit her
role as the chief executive of multititle mailer Flying
Brands. Her successor is Stephen Cook, a nonexecutive
director of the company who has recently been acting as a
consultant on multichannel retailing strategy.

Electric Word, a specialist education and sports
information provider saw its share price jump 11 per cent after announcing that full year
adjusted pretax profit rose 22 per cent to £1.8 million.
Turnover was also up-28 per cent to £17.3 million driven by
both organic growth and acquisitions.

Chocolate retailer Thorntons is blaming “poor
trading” and heavy discounting in its high street stores
for a 39 per cent slump in half-year profits, writes LDP Business. Profit before tax also fell
from £11.9 million for the same period the previous year
to £7.3 million in the 28 weeks to 10th January.

Licensing Biz reports that
Woolworths is to make a high street comeback. Apparently
Woolies’ former commercial boss and two of his colleagues
intend to open 50 stores with a name “as close to the
original as possible without breaching trademark”.


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