News roundup—5th December 2008

News roundup—5th December 2008

German firm Arcandor, which includes the
Primondo catalogue division, will have a new chairman as
of 1st March. Dr Karl-Gerhard Eick will replace Dr Thomas
Middelhoff, who is leaving the company “ by mutual
agreement in the wake of successful initiatives,” according
to a statement. The company’s UK catalogues include fashion
brands Elegance and Peter Hahn.

Woolworths will be laying off 600 head-office staff
today, according to The Sun, which also writes that
“customers trying to claim refunds on orders from
Woolworths Christmas Catalogue have been told they are unlikely
to get their money back”.

The Bank of England cut the base interest rate to 2 per cent,
its lowest level since 1951. But according to The Times, the bank “conceded that
more will need to be done to jump-start stalled growth, and
paved the way for further rate cuts”.

Leather goods retailer/cataloguers Pickett and
Smythson, musical instrument marketer Hobgoblin Music,
The Book People and stalwarts John Lewis and
Argos are among the direct marketers featured in
The Telegraph’s roundup of the “top
50 Christmas gifts”.


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