Europe's E-Tailers Get Back to Basics

Article Abstract:

Industry analysts said that online retail companies have been cutting back jobs and advertising budgets to cope with declining earnings. Confetti Network Ltd. made deals with Marks and Spencer and acquired Findel PLC's Burley House as part of its survival startegy.

United States, Strategy & planning, Use of services, Contracts & orders received, Telegraph & other communications, Video Retailing Service, All Other Information Services, Online services, Internet services, Home shopping, Confetti Network Ltd.

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Mark & Spencer pretax profit slips for third year in a row

Article Abstract:

British department stores giant Marks and Spencer PLC, reports 452.5 million British pounds pretax profit, for financial year ending March 31, 2001. This is 14% drop in Marks and Spencer's profit, third time in three years and leaves investors worried about the company's promised turnaround.

Sales, profits & dividends

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Spruced up: old-line retailer learns new tricks to evade takeover

Article Abstract:

Marks & Spencer PLC hires new chief executive officer Stuart Rose, sells off credit card unit, and terminates plans for home furnishing stores in order to successfully woo back investors and fend off a hostile takeover bid from private investor and retail executive Philip Green. The company must now work to maintain a stock price higher than what Mr. Green was offering or it may face another takeover effort from him or another private-equity player.

Legal issues & crime, Acquisitions & mergers, Financial management, Management dynamics, Executive changes & profiles, Investment Offices, Investment Companies, Open-End Investment Funds, Securities issued, listed, Investment Funds & Trusts, Labor Distribution by Employer, Officials and employees, Company legal issue, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Investigations, International aspects, Statistics, Securities, Investor relations, Company business management, Company securities, Company financing, Rose, Stuart, United Kingdom. Financial Services Authority, Private equity funds, Green, Philip

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