John Lewis reports "cracking finale" to sales Friday, 18th January 2013
Image courtesy of John Lewis
John Lewis today reported a “cracking finale” to its clearance sale, with a 19 per cent year-on-year sales increase to £75.8 million for the week to 12 January. Electricals and home technology was the strongest performing category, up 35 per cent. Homeware notched up a 12 per cent increase and fashion saw an eight per cent boost.
Nokia cuts hundreds of jobs in attempt to reduce costs Thursday, 17th January 2013
Nokia has announced its plans to cut and outsource hundreds of its jobs in Finland as part of its on-going attempts to reduce costs. Nokia has now announced that it intends to cut 300 jobs from its information technology division in Finland. A further 820 jobs will be outsourced to Indian suppliers HCL and TATA.
Low demand forces Apple to cut its orders for iPhone components Monday, 14th January 2013
Photo credit: Apple Inc Apple Inc has greatly reduced its orders of iPhone components, a move which suggests that sales of the iPhone 5 have failed to meet expectations since its launch last September and that Apple is struggling to compete with its rivals in the smartphone market. Apple’s original...
HMV in talks with lenders ahead of Christmas updates Monday, 14th January 2013
Embattled electronics and music retailer HMV is said to be in talks with its lenders after the business signalled it could breach a banking covenant later this month. HMV told press back in December that it was in “constructive discussions” with banks about its performance. Since then it has emerged that that key suppliers could face a potential liability of £150 million if the troubled retailer collapses in the new year.
Apple rumoured to be working on a cheaper iPhone Wednesday, 9th January 2013
Photo credit: Apple Inc. Apple Inc could be working on a lower-end iPhone as it looks to compete with its aggressively-priced smartphone rivals. According to the Wall Street Journal, people briefed on the matter have said a plan to develop a cheaper device is progressing, with a less expensive version of its flagship iPhone possibly entering the market later this year.
Apple Inc.'s iPhone 5.
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