News roundup—3rd December 2008

News roundup—3rd December 2008

Entertainment retailer Zavvi is learning that you
shouldn’t put all your eggs in one basket. The Guardian reports that Zavvi has shut part
of its website and had to “cancel orders, potentially
leaving shoppers without gifts for Christmas” after the
collapse of its main music, DVDs and games
supplier-Woolworths-owned Entertainment UK. The
Zavvi website apologises “for the inconvenience” on the home
page and states: “Please rest assured that we are doing
all we can to resolve the situation as quickly as

Monday 1st December recorded the UK’s largest ever online
shopping volumes, reports the IMRG. But before you get your hopes
up, sales values remained unchanged. According to Jon Prideaux,
deputy chief executive of payments service provider
SecureTrading, Monday “was the largest day for UK eCommerce
ever in terms of transactions, but value was flat. Transaction
volumes were 3 per cent higher than the 2007 record but value is
almost exactly the same as last year.”

Japan-based discount apparel chain Uniqlo is seriously
considering “acquisitions in the UK, where it already has a
foothold, and in the US, where asset prices have fallen heavily
in recent weeks”, reports the Times.

Christmas hampers and vouchers company Park Group is
predicting a bumper Christmas reporting a 15 rise in orders for
its Christmas savings club. The number of customers for its
Christmas savings business is also up by 8 per cent compared with
last year, to 434,000. The Birkenhead-based business saw pretax
losses narrow 17 per cent to £3.2 million for the half-year
to 30th September. The company traditionally makes a loss during
this period, notes LDP Business.


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