Online retailer Lovehoney predicts a turnover of
£13.5 million for the year ending 31st March. This
represents a 29.8 percent increase on last year’s £10.4
million. The past fiscal saw the business open a US subsidiary,
which according to a company statement, experienced “strong
first-year sales”. Lovehoney’s overseas wholesale operation
achieved sales of £1 million in its first year.
The Guardian ponders what the
Argos profit warning will mean to interest
rates.
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