All Entertainment articles – Page 61
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GalleryIn pictures: HMV opens new standalone techshop
HMV has opened a pop up store devoted to technology as it continues to focus on the growing category in the face of dwindling sales in its core products of music and games.
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News
Amazon offers to handle sales tax for sellers
Amazon is offering to handle sales tax for its sellers despite years of fighting state regulators. The internet retailer aims to profit by claiming a fee equivalent to 2.9% of the taxes collected. The optional service is to roll out on February 1, 2012 and will be offered to Amazon ...
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NewsWHSmith like-for-likes fall 6%
WHSmith has revealed a like-for-like sales slump of 6% in 10 weeks to September 1.
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GalleryIn pictures: Foyles opens Westfield Stratford City store
Bookseller Foyles has opened the doors of its Westfield Stratford City store, showcasing a design which celebrates books by using them within its structure.
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NewsChannel Islands VAT loophole to be closed in April
The controversial Channel Islands VAT loophole exploited by retailers including HMV, Asda and Play.com is to be closed in April, the Treasury has revealed today.
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NewsM-commerce sales to reach £2.5bn by 2016
Mobile retail is expected to grow by 42% per year for the next five years to be worth £2.5bn by 2016.
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AnalysisAmazon’s profits hit as it focuses on long-term gains
Last week Amazon recorded a 73% fall in net profit to $63m (£39.1m) during its third quarter ended September 30 compared with the same period last year, despite sales jumping 44% to $10.88bn (£6.75bn).
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NewsRetailers feel the heat as consumers save
Store stocks nudged up over the week, but analysts and retailers alike wrung their hands about trading prospects and consumer health as the countdown to Christmas continued.
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NewsOFT gives go-ahead to Amazon takeover of The Book Depository
The Office of Fair Trading has given online giant Amazon’s takeover of The Book Depository the green light.
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NewsNetflix to launch in UK next year
Netflix, the on-demand film specialist, is to launch a streaming service in the UK and Republic of Ireland in 2012.
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NewsGame launches new payment system to capture digital spend
Game has launched a new way of paying for its products as it aims to capture share in the digital games market.
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NewsHMV launches first TV ad dedicated to tech products
HMV has launched its first TV ad dedicated to its expanded technology offer, which it is rolling out across it stores as it fights declining sales in its core products.
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OpinionWHSmith pushes the envelope
WHSmith has never been the most exciting of retailers. In the last few years its City updates have followed the same reassuring yet predictable path – rising profits as further cost savings are found, and falling sales, particularly in its high street arm.
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NewsBlockbuster UK posts profits fall
DVD rental chain Blockbuster UK profits slumped from £4.6m to £1.7m in the year to January 2.
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News
Hugendubel bookstore chain launches company’s first e-reader
Publishing company Weltbild and its Hugendubel bookstore chain have launched the company’s first e-reader. The eBook Reader 3.0 sells for E60 (£52), compared with E99 (£86) for Amazon’s Kindle, and has a colour display and capacity to hold 2,000 books. The company offers more than 120,000 e-books for download.