Following the release of Ocado’s quarterly trading statement yesterday, revealing a below-expectations
sales rise of 10 per cent, the Telegraph reports that the online grocer is
considering selling its new warehouse to raise cash.
Also from the Telegraph: almost 20 per cent of
SuperGroup’s shareholders have opposed the
reelection of cofounder Julian Dunkerton as chief executive,
while 17 per cent opposed the election of Susanne Given to the
board as the new chief operating officer. The article notes the
revolt is significant because Dunkerton owns almost a third of
the company.
Moo.com an online printer specialising in
producing and marketing business cards and related identity
products, has acquired rival site Flavors.me. In
the form of an asset purchase, Moo will acquire the Flavors.me
website, rand, technology, IP and customers and an all-cash deal
for an undisclosed sum.
The decline continues at HMV. In a financial
statement covering the 20 weeks ended 15th September,
like-for-like sales were down 11.6 per cent. Sales of accessories
were strong, but the summer has been quiet for music and video
game releases resulting in “significant market value
declines”. Total group sales were down 14.8 per cent in the
period.
Walmart is going to stop selling
Amazon’s Kindles as the animosity between the US
companies intensifies, reports the Financial Times.
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