Electronics distributor Electrocomponents, best
known for its RS Components business, reported that profit before
tax for the year ended 31st March will beat expectations and come
in at approximately £73 million. In the fourth quarter, the
company saw its UK sales grow 9 percent and international
business increase by 19 percent.
The Hut Group, an online retailer of
entertainment products, has branched out into selling handbags
via its new website Mybag.co.uk. Crain’s Manchester Business reports that the
Hut believes the site will “a leading supplier of handbag
and fashion accessories within the next two years”.
According to BusinessWeek, Dutch post and parcel carrier
TNT said it is planning to demerge its business,
either selling or spinning off its mail arm. The article goes on
to say that sales at the TNT Post division “have been
stagnant or declining for years, even as its express business has
grown”.
Collectibles marketer Compton & Woodhouse has
branched out into television shopping through the Ideal
Home network.
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