Harrogate-based Bettys & Taylors, which owns the
Bettys mail order catalogue and website delivered a sales rise
of 14 per cent to £117.3 million in the year ended 31st
October 2011. Profit declined 17 per cent to £7.8 million, as
a result of investment in advertising and infrastructure writes
the Yorkshire Press.
Luxury fashion etailer My-wardrobe.com, has
appointment former Harrods Direct director David
Worby as its global chief executive officer, effective July 2012.
Founder Sarah Curran, currently chief executive officer moves to
the newly created role of chief creative officer working
alongside Worby to oversee the creative consumer touchpoints of
the brand.
Amazon is reportedly launching its own
publishing arm and is planning to buy the rights of archive
titles as well as new books in a bid to boost its margins and cut
out publishing houses, writes the Telegraph.
The Financial Times interviews Cath Jeffrey,
deputy managing director of educational supplies marketer
TTS Group and explains how TTS is planning to
further expand the business into Brazil and India.
UK losses at Japanese retailer Uniqlo widened in
2011, from £1 million to £9.7 million on flat sales of
£63 million, writes the Mail on Sunday. Despite the decline, Uniqlo
said it would continue to invest in its expansion programme in
Britain.
Managers at DIY chain B&Q are sharing a £9
million windfall today, as an incentive scheme vests. The sum
amounts to £45,000 each, writes the Sunday Times.
Following a review of the company’s financial position, the
administrators at Aquascutum have decided to
close the brands manufacturing plant in Corby with the immediate
loss of all 115 staff based at the site.
General George, a group of companies that is
part of the Floors-2-Go Group has purchased the
business and certain assets of Allied Carpets’
parent company Allied Floors Ltd from
administrators at Duff & Phelps. Nine UK stores were included in
the transaction.
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