Debenhams says its multichannel business grew
strongly in 2010, with Debenhams Direct sales for the 52 weeks up
88.4 percent (excluding VAT) compared with the previous year. The
retailer also saw its gross margins improve during the year and
consequently expects headline profit before tax and exceptional
items to be 20% up on last year reaching approximately £150
million.
In his first new job, Sir Stuart Rose, the outgoing chairman of
Marks & Spencer is to join private equity group
Bridgepoint as an adviser, reports the Financial Times.
Apparel cataloguer/retailer Joules has
relaunched its website as it looks to expand its international
online presence. Joules says that its new site, built on the
Hybris Commerce platform, gives the business the scalability it
needs to support its growth plans and reduces its maintenance
costs. Currently online sales account for 20 percent of turnover
at Joules.
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