News@Nine FRIDAY 30TH JANUARY 2015
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Amazon reports $89bn in sales last year as shares jump 11% after hours


29 January | 11:56 PM | The Guardian | Retail

Amazon’s shares soared by more than 11% in after hours trading on Thursday when the company exceeded analysts’ expectations by recording sales of $89bn last year. The company, which started life in founder Jeff Bezos’s Seattle garage 11 years ago , said its 2014 full-year sales increased by 19.6% compared with the previous year. The company, which started life in founder Jeff Bezos’s Seattle garage 11 years ago, said its 2014 full-year sales increased by 19.6% compared with the previous year. Despite raking in more money than the GDP of Oman, Azerbaijan or Belarus, Amazon recorded a full-year loss of $241m. The loss was caused by Amazon’s massive investment in its expansion plans including making its own programmes and building new warehouses and server farms.

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Confident shoppers boost economic growth hopes


UK consumer confidence saw a large jump in January, in a renewed sign that the economic recovery will continue strongly into 2015. Retail sales also grew strongly in the month, according to the Confederation of British Industry, indicating consumers are increasingly upbeat.

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Tesco closures prompted by discount rivals


Discount rivals Aldi and Lidl could be the reason that supermarket giant Tesco decided to shut 43 of its stores. The retail group announced earlier this month that it was closing unprofitable branches across the UK, and yesterday revealed which stores it had singled out.

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Gap cuts design chief job as sales slowdown continues


Gap Inc said on Thursday it has eliminated the role of creative director Rebekka Bay, the latest in a slew of changes in strategy as the apparel retailer attempts to revive sagging sales. The company, whose namesake brand saw a 5 percent drop in store sales in December, said Bay will leave immediately.


My Tube: Dior Couture Spring-Summer 2015 - Raf Simons Interview
Dior Couture Spring-Summer 2015 - Raf Simons Interview
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Google fourth-quarter revenue misses Wall Street target


Google Inc's revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavourable foreign exchange rates. Shares of Google edged up 0.1 percent to $510.66 in extended trading after an initial dip on the news.

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Carphone Dixons positive on Three-O2 merger talks


Upheaval in the mobile phone sector will benefit Carphone Warehouse, its chief executive claims, despite the expected reduction in potential suppliers as mobile operators merge. Hutchison Whampoa, the owner of Three, is in talks to acquire O2 for up to £10.25bn and combine the two networks.

Argos

Argos to open 10 outlets in Sainsbury’s branches


Partnership with catalogue shop comes after supermarket chain admitted there was under-utilised space in a quarter of its stores Argos is to open 10 outlets in Sainsbury’s branches in the latest example of supermarkets’ search for new ways to use unneeded store space.


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