Like-for-like sales at N Brown increased by a
scant 0.1 per cent in the 18 weeks to 3rd July, due to consumer
uncertainty following the general election. In its latest trading
statement, the multi-brand cataloguer, which operates
Jacamo and Marisota announced
it was beefing up its recruitment activities “beyond the
budgeted level” to boost the customer database.
Despite the September 2010 deadline, only 11 per cent of UK
companies including retail, financial services, and hospitality
businesses, are PCI-compliant. Operations consultant Ernie Schell
analyses the stats on his blog.
Expansys, an online retailer of phones, GPS
units and laptops that is controlled by investor Peter Jones, is
to acquire two other of Jones’s businesses Data Select Network
Solutions and PJ Media for a combined £38 million. Because
of the size of DSNS compared with Expansys, reports TheBusinessDesk, the deal constitutes a
reverse takeover.
The BBC looks at the “venture capital
scene” for online retail startups. ASOS,
Net-a-Porter and My-Wardrobe
are mentioned as success stories.
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