News roundup—23rd May 2008

News roundup—23rd May 2008

For the fiscal year ended 29th March, cataloguer/retailer
Mothercare posted sales of £676.8
million, up nearly 36 per cent from the previous year. The
company’s June 2007 acquisition of Early Learning Centre
contributed to the increase. Catalogue and web sales climbed
nearly 20 per cent, to £49.9 million. On the downside,
group profit before tax dropped more than 76 per cent, to
£4.5 million.

Argos is in talks with unions and employees regarding
its plans to close a distribution centre in Castleford, West
Yorkshire, reports the Pontefract & Castleford Express. If the
cataloguer proceeds with its plans to close the centre by the
end of September, 407 workers could lose their jobs.

“Sneering at Boden is no longer smart or even
appropriate, for there is a new hip tendency at this
catalogue…” So begins The Times’ review of the fashion
cataloguer’s latest collection.

Attention all floggers: As of next week, practices such as
astroturfing and sock puppetry will be illegal. What’s that mean
in English? That businesses can no longer intentionally
misrepresent themselves on blogs for instance, by writing entries
and attributing them to nonexistent consumers. The BBC has the details.


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