The
Financial Times reports that Ikea is mulling
the launch of a budget hotel chain. But guests won’t immediately
make the connection as the “hotels will not use the Ikea
name and will not be run by the Swedish company but by an
established hotel operator,” according to the piece.
US-based retailer Dick’s Sporting Goods saw its
profits slide in the second quarter after it was forced to take a
$0.22 per share impairment charge on its investment in UK
business JJB-equivalent to $32.4 million.
Although Dick’s chairman and chief executive Edward Stack says he
knew JJB was always going to be a high risk investment, but that
currently, Dick’s has “no further funding obligations to
JJB… and will continue to monitor the situation.”
Tesco is testing a new service in two of its
stores that will allow customers to access a larger library of
music and films than is currently available on the shelves. The
Discs on Demand service is being trialled in the Maldon and
Dudley stores using electronic kiosks in stores. Customers use a
touchscreen to browse Tesco’s library of music, film, TV and
software, select the product they wish to purchase and it’s
printed onto a disc, ready for their collection, complete with
original artwork on both the disc and inlay sleeve. The service
complements Tesco’s digital film and music offerings through
blinkbox and We7.
Last week we covered Coleen Rooney’s interpretation of iconic
Littlewoods covers of yesteryear. The Telegraph follows up with its gallery of the
“famous faces of Littlewoods”.
In more celebrity fashion news, Dorothy Perkins
has teamed up with the Kardashians to bring the
Kardashian Kollection of 100 pieces of apparel
and accessories to the UK. The line goes on sale in November and
will be stocked in more than 250 Dorothy Perkins stores,
including eight shop-in-shops within BHS. The
Kardashian Kollection will also be sold online at
dorothyperkins.com and internationally to thirteen further
countries via franchise stores.
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