News Roundup—27th February 2008

News Roundup—27th February 2008
  • Disappointing February retail figures suggest that the
    better-than-anticipated January results “may well have been
    a ‘last hurrah’ for many consumers as rising debts and higher
    interest rates start to bite,” says As reports, the Confederation of
    British Industry’s index of UK retail sales hit a 15-month low.
  • Littlewoods Shop Direct Group doesn’t seem overly
    concerned about the effects of the economy, however. The
    multititle mailer expects annual profits to double this year,
    according to The Guardian, with EBITDA hitting £50
    million and online sales £500 million for the year ending
    in April.
  • Then again, Office Depot, whose brands include
    cataloguer Viking Direct blamed “continued overall
    weakness in the UK business” for much of its 22 per cent
    decline in fourth-quarter profits for its international
  • The Telegraph features a brief profile of
    fashion cataloguer/retailer Crew Clothing. To sum it up:
    Crew is “an old friend who still comes up trumps on the
    basics”… Curious to know how private equity has boosted
    Crew’s performance in the past year or so? Then check out
  • And The Times has an interview with
    Boden’s Johnnie Boden. Choice quote: “I am not in
    the Ralph Lauren game of selling a perfect lifestyle. I’d
    rather vomit in the nearest bucket.”


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