British high street stalwart Clinton cards, fell in to administration this week after being unable to renegotiate it’s debt with it’s largest supplier. Difficult trading conditions forced Clinton’s deep in to the red and the greetings card chain quickly found itself in a ‘credit crunch’ situation with a severe lack of cash flow in the business. The group, which is the UK’s biggest specialist cards retailer and operates 628 Clintons and 139 Birthdays stores,...
The management of GAME have been told to prepare for administration, it has been revealed, CEO Ian Shepherd, earlier this week told senior staff that the retail group, which includes GAME and GameStation, has two weeks to save itself, according to MCV. There are still hopes that a buyer, such as US chain GameStop,...
It has been reported that the campaign to save The People’s Supermarket has been successful and the cooperative store has been given a reprieve. The store was able to secure a number of chatitable donations enabling to meet their immediate debt obligations with Camden council, providing a reprieve for the time being at least....
Dutch airline KLM, this month began its new social-seating program, Meet and Seat, which allows customers to upload information from their Facebook and LinkedIn profiles and use those details to choose seatmates on flights. Erik Varwijk, a managing director...
Ground-breaking community project and social enterprise The People’s Supermarket is faced with closure within the week unless payments can be renegotiated with one of its creditors. Members of The People’s Supermarket are asking Camden Council to enter into further...
Walmart, the retail behemouth that owns ASDA in the UK, has announced plans to take a 51 per cent stake in Yihaodian, a popular Chinese e-commerce website. Yihadian launched in 2008 and stocks over 150,000 grocery, clothing and electrical...
Online marketplace eBay has confirmed that its fastest growing market is the United Kingdom. Devin Wenig, president of global marketplaces at eBay, said that the number of Britons using the marketplace showed “double-digit growth, year-on-year,” outpacing the average for...
Nick Robertson, the founder of ASOS, has been given the OBE in the Queens birthday honours list. Mr Robertson launched the website AsSeenOnScreen in 2000 and has been billed as one of the greatest entrepreneurs of the 20th century,...
Marks & Spencer have announced an online clearance store, allowing customers to purchase discounted products, including menswear, women’s clothing, childrenswear and l ingerie. M&S already have a number of physical stores that operate as discount outlets, the retailer first...
Argos has hired a relatively unknown American to be its new managing director, as it looks to revive its falling profits and sales. John Walden has extensive experience from his time at Peapod an online grocer, electrical retailer Best...
Apple managed to pull off something amazing with the launch of iTunes Match. We all know that Apple seem to have the midas touch, seeming able to take (almost) any consumer product, re-package it in sleek aluminium, slap a...
February 08, 2012 05:30 AM Eastern Time LONDON--(BUSINESS WIRE)--The first fundamental change to the way Direct Debits can be set up and managed in 40 years has been launched today. The new service from Cashplus® provides consumers with...