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Thai journalist's apology settles Tesco libel case

LONDON - Thai business journalist Nongnart Harnivalai, sued by Tesco Lotus for libel damages of £1.9m, has agreed the wording of an apology with the supermarket to end the suit, according to a report.

BR Video: Ugg Covent Garden launch proves a hit

LONDON - Ugg Australia opened its first West End flagship store in Covent Garden to a queue of eager shoppers and Brand Republic was there to capture the action -- watch the video now.

P&G pays £5m for slice of Ocado

LONDON - Procter & Gamble has paid £5m for a 1% stake in online home-shopping firm Ocado, according to a Companies House filing.

Threshers backs Facebook 'buy a real drink' app

LONDON - The off-licence group behind Threshers is partnering a new Facebook application, which allows people to buy their friends real rather than virtual drinks to be picked up in-store.

Ailing Woolworths to sell DVD operation to BBC Worldwide

LONDON - Woolworths' shares have been suspended as the retailer scrambles to conclude talks to sell off its DVD publishing arm for £100m to BBC Worldwide and its retail business for £1 to Hilco.

Fashion e-retailers rise in popularity as M&S reaches top five

LONDON - Marks & Spencer has shot up three places to join Tesco as one of the top five most popular e-retailers in the UK, according to Hitwise's Hot Shops List, which reveals fashion continues to be the fastest-growing online sector.

M&S plans second one-day sale to beat Christmas crunch

LONDON - Marks & Spencer is planning another one-day sale to draw in Christmas bargain hunters following the success of its first discount day when prices were slashed by 20%, according to a report.

Nestle UK hands three-year retail data contract to IRI

LONDON - Nestle, the name behind brands such as Nescafe, KitKat and Shredded Wheat, has appointed Information Resources Inc to provide it with retail data on a three-year contract starting next year.

BR Video: How much will people be cutting back this Christmas?

LONDON - Shoppers will be cutting back on the number of presents they buy this year and reining in their spending on socialising according to the latest Brand Republic video -- watch it now.

Foot Shop brings in Occam for database assistance

LONDON - Specialist footwear retailer Foot Shop has appointed data services company Occam to streamline its customer database.

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