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John Lewis invests £100,000 in UK Internet of Things startup

30 September | 05:40 AM | Cambridge news | News

John Lewis is investing £100,000 in beacon tech firm Localz as the UK retailer puts part of its efforts into the Internet of Things market. The retailer selected the nine-month old business as the winner of its technology incubator competition, JLab in efforts to develop its concept in the UK. The service is expected to be trialled in John Lewis stores across the UK. Localz uses a combination of location technologies such as iBeacons and GPS to sense customers' locations inside a shop. The service is expected to be trialled in John Lewis stores across the UK.

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Next says profit will be hit if warm weather continues

British clothing retailer Next said on Tuesday it will have to lower its full-year profit forecast if the country's unusually warm autumn weather continues. The firm said that at present its profit forecast for the full year remains within previous guidance given on July 29 and reiterated on Sept. 11. "Our experience suggests that some lost sales are regained when the weather turns. However, if this unusually warm weather continues for the full duration of October then we are likely to lower our full year profit guidance range of 775-815 million pounds," it said.

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Online spending growth slows

National Australia Bank's online retail sales index rose 0.7 per cent in August, following a gain of 0.8 per cent in July and 1.0 per cent in June. In the year to August, online sales were up 8.3 per cent to an estimated $15.7 billion, compared to growth of 10.2 per cent in the 2013/14 financial year. Spending growth came in most categories, with the strongest in electronic games and toys, as well as homewares and appliances. Growth in online spending has been gradually slowing over the past few years.

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Puma and L'Oréal sign a licence agreement for beauty products

Sports company PUMA SE and cosmetics giant L'Oréal have signed a license agreement for beauty products, becoming effective 1 January 2015. PUMA's license contract with former personal care product licensee Procter & Gamble will terminate on 31 December 2014. Puma is one of the world’s leading Sports Brands, designing, developing, selling and marketing footwear, apparel and accessories.

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Weather boosts garden centre clothing sales by 25%

Every cloud in August had a silver lining for garden centres, as the unseasonal weather boosted sales of clothing. According to the Garden Centre Association (GCA) its members saw clothing sales up by 25.85% over the previous August. Other categories which performed well during the month were furniture and barbecues, up 6.97%; gifts, up 6.7%; hard landscaping, up 3.65%; and food hall/farm shop, up 3.55%. And in Lancashire, clothing and catering sales were the best performers in August at Barton Grange.

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American Apparel names outsider Scott Brubaker as interim CEO

American Apparel Inc. is bringing aboard two fresh recruits, one as interim chief executive and one as new chief financial officer, as part of an effort to move beyond a summer of dramatic upheaval. The Los Angeles company tapped Scott Brubaker, a managing partner at turnaround firm Alvarez & Marsal, as interim CEO. He will succeed John Luttrell, who is leaving the company after serving as chief financial officer and interim chief executive.


Morrisons exec is charged with insider dealing

Morrisons’ former treasurer and head of tax has been charged with insider dealing ahead of the retailer’s £216m tie-up with Ocado last year. The Financial Conduct Authority (FCA) said yesterday it had charged Paul Coyle with two offences of insider dealing. He will now face criminal proceeding and is set to appear before Harrogate Magistrates’ Court on 30 October. The charges add yet another scandal to the UK’s already beleaguered food industry, after Tesco launched an investigation into a £250m profit error last week.

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