Home Retail Group has appointed former
Best Buy executive John Walden as the new
managing director for Argos. He will join the
business by the end of February. Argos’s previous managing
director, Sara Weller, stepped down in
April 2011.
Six bids have been made for Peacocks, WalesOnline reports. According to the piece,
interest for all parts of Peacocks’ business was high.
In the fourth quarter of 2011, to 31st December,
Amazon.com saw operating profit plummet 45
per cent from $474 million to $260 million and net income decrease
58 per cent to $177 million as Amazon used profits to fuel its
aggressive expansion plans. For the full year, net sales grew 41
per cent to $48.08 billion, compared with $34.20 billion in 2010,
while operating income decreased 39 per cent to $862 million,
compared with $1.41 billion in 2010.
The Advertising Standards Authority has upheld a complaint
against TM Lewin about an online promotion it
ran in November 2011. Two complainants challenged whether a
multibuy offer was misleading because it did not specify clearly
enough what the offer was. The ASA ruled consumers could be
confused by what was meant by “from 5 for £100… Select any
combination of 5 or more” and that it could be interpreted to
mean that any combination of shirts could be purchased for
£100. TM Lewin agreed to not to feature the promotion again
in the current form.
Following the announcement on Monday that Mark Newton-Jones will
leave Shop Direct in 18 months’ time, the
Liverpool Daily Post has more on the
story.
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