News roundup–28th October 2009

News roundup–28th October 2009

After two days of talks between the Communications Workers
Unions (CWU) and Royal Mail, union leaders are expected to
announce today whether they’re going ahead with three more days
of industrial action. More talks are scheduled for this morning,
writes the Guardian, with an announcement to
follow this afternoon. Meanwhile, ITN reports that the CWU is planning to
take Royal Mail to the High Court over its decision to employ
30,000 temporary workers to clear the backlog of mail.

Profits at IT products etailer
plummeted by 39 per cent to £4.7 million in the year ending
March 2009. Sales took a hit also, dropping 2.7 per cent from
£199 million to £193.6 million, reports Crain’s Manchester Business.

Ecommerce provider GSI Commerce is to acquire Retail
Convergence, the operator of US private-sales site
RueLaLa for approximately $350 million
(£214.0 million). GSI said the acquired business will be
used to help GSI’s retail partners (such as Toys R
Us and Timberland) sell excess stock.

One company benefiting from the recent demise of Germany’s
Quelle mail order business is rival According to Reuters Neckermann has received a
“great deal of interest from Quelle customers” and is
expected to grow market share this year as a result. However,
insolvent Arcandor’s mail order unit Primondo
still holds a 49 per cent in, and has yet to
disclose plans for the future of its shareholding.


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