Marks & Spencer released strong financial
results for its last quarter, revealing a 6.2 percent rise in
total UK sales for the 13 weeks to 27th March. M&S Direct, its
ecommerce and home-shopping business, saw revenues increase by 48
percent. But its international sales declined 5.9 percent as a
result of “particularly difficult trading conditions in the
Republic of Ireland and Greece, and an adverse impact from
currency translation,” according to a company
statement.
Harvey Sinclair, who spoke to Catalogue
e-business about his other business Koodos for the April
issue, tells the
Telegraph how difficult it’s been encouraging retailers to
take up his Stockshifters channel to help them
dispose of excess stock.
Entertainment products etailer Play.com has
appointed John Perkins as chief executive, according to MCV.
TV-shopping business Gems TV has filed for
Chapter 11 bankruptcy protection in the US. The company owns and
operates jewellery home shopping TV channels in the US, UK and
Japan. According to Reuters,
Gems TV is winding down its US operations after struggling to
“maintain a sufficient level of profitability to sustain
operations and service its debt”. The company’s
international’s business is understood to be unaffected.
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