News roundup–Animal Bargains, Findel, and more


Ideal Shopping Direct is launching a venture to
rival Pets at Home. Animal
Bargains
, which launches in July, will have its own
website and shows on the Ideal Shopping channel writes the
Financial Times. Ideal has also recruited
Pets at Home’s senior buyer Chris Palmer-Smith.

Amazon is relaunching its fashion offering with
a focus on high-end apparel, reports the Financial Times.

Findel has completed a review of its education
division following unsubstantiated accounting entries. As a
result, profit before tax for the year ended 29th March is
reduced by £6.4 million, and benchmark profit is down by
£6.4 million. Net assets have reduced by £20.6 million.
Findel’s director said no other issues in any of its divisions
were identified during the review.

Have you been wondering why some luxury-goods stores have already
started promoting their summer sales. Well it could be because of
Ramadan. According to the Financial Times, the Muslim holy month will
brings Middle Eastern visitors to the UK who are estimates spend
£300 million in London’s West End over the next six to seven
weeks. Jace Tyrrell of the New West End Company, which represents
retailers in Oxford Street, Bond Street and Regent Street, told
the FT that “the key thing was to go on sale now, before
they all get here, and be on full mark-up, or less discounted
stock [when they arrive]. The Middle Eastern markets don’t want
discounted stock, or last season.”

Coleen Rooney, wife of England footballer Wayne Rooney, has
signed a deal to become the new face of
Littlewoods.com. According to the Liverpool Daily Post, she will also feature
in the catalogues and act as a “style ambassador”,
giving customers fashion advice.

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