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Losses narrow at Letsbuyit.com

LONDON - Online retailer Letsbuyit.com has announced that first-quarter operating losses have narrowed and it has secured new funding of 3m ( 1.8m) from a private investor.

The Pier picks top marketer from Bhs

The Pier, the home accessory retailer, has poached Bhs brand marketing chief Fiona Strang to be its first board-level marketer. She will oversee the firm's pounds 1.5m marketing budget and spearhead the development of the brand's strategy as it bids to become the UK's leading retailer of...

STOP PRESS: News in brief

The Carphone Warehouse has announced a 62% increase in annual earnings, making pounds 49.6m in pre-tax profits compared with last year's pounds 30.6m. The retailer has seen sales jump 59%since its flotation last year. The company also bought Communications de Mobile Cellulaires for pounds 48m.

Gameplay duo buy out boxed games division

Gameplay's sales and marketing director Andy Mee, alongside financial director Lisa Burke, has spearheaded the UK management buyout of the retailer's boxed games division. The buyout involves taking control of the company's UK mail-order and e-commerce operations. Mee, a former Sega...

NEW MEDIA: News in brief

The Carphone Warehouse has relaunched its interactive TV service on Sky Digital's Open platform with an expanded range of mobile handsets, accessories, PDAs and land-line phones. The mobile phone retailer brought in Deepend London to redesign the interface and simplify navigation. Separately,...

DIRECTWATCH: A weekly analysis of the direct marketing field

The UK retail sector has seen home shopping grow in popularity recently as consumers seek convenience. This shift in emphasis, and heightened competition, has had an impact on direct mail. At first glance activity appears to have fallen over the past 15 months, with March 2001 mailing volumes...

PROFILE: Wheels in motion - Paul Kelly, Brand development director, Granada Road Services

Paul Kelly, the man behind the imminent relaunch of Granada Road Services as the much snappier 'Moto', says the rebranding process has been "like giving birth". By this I gather he means it is all-consuming, intensive, and hopefully worth it in the end. Changing consumers' opinions of motorway...

Gameplay's losses widen

LONDON - Shares in computer game retailer Gameplay were down 40% to 4.5p this morning after it reported increased losses for the six months ending January 31.

Amazon appoints Wieden & Kennedy to global account

LONDON (Brand Republic) - Amazon.com is understood to have appointed Wieden & Kennedy to handle its global advertising account following a six-month search.

AOL members spend record $6.7bn online

LONDON - AOL Time Warner has reported that AOL members spent a record 6.7bn ( 4.7bn) on shopping online in the first quarter of 2001, 70% more than in the same period last year.

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