News roundup--Adili suspends shares, the Hut to grow overseas, more
By Catalogue e-business | Publication date: 04/02/2010 | Category:
News
The future of ethical-fashion etailer Adili hangs in the balance after talks to finance the business broke down. Adili suspended trading in its shares yesterday "pending clarification of the company's financial position".
Home-entertainment etailer the Hut Group will launch multilingual and multicurrency websites later in 2010, reports the Telegraph in its “Gloombusters” column. The article looks at the Hut Group’s soaring sales following the acquisition of Zavvi in 2009.
The Independent features a news item about how January’s adverse weather and the VAT rise affected shopper numbers last month. On the web, the number of visits to online retailers fell by 19 percent between December and January. Whilst a dip was expected, the piece notes this was a greater decline than anticipated.
Uniform and workwear wholesaler JKL Clothing is planning to launch a sports site, selling both sportswear and sports equipment, reports Fibre2Fashion.
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