Business Diary: 13/03/2010
Saturday 13 March 2010
Asda's selective memory for figures
On Monday, George at Asda launched a 100-day returns policy across its clothing range to a great publicity fanfare.
In the editors' notes to the press release, George states that it "recently overtook M&S as the UK's number one clothing retailer in terms of volume" with a 10.1 per cent market share. However, the TNS data it references is from October 2009. Curiously, there was no mention of the fact that M&S is now back in the top spot with a 13.1 per cent market share, ahead of Primark's 10.8 per cent with George trailing at 9.5 per cent for the 12 weeks to 31 January 2010. Funny that, eh?
A resourceful use of Chelsea FC by HR
What's the biggest issue facing HR managers today? The peccadillos of Chelsea's footballers, apparently. Human Resources magazine has used the footballers' headline-grabbing behaviour to offer advice on how to act when an employee's activities outside the workplace damage team morale. The verdict? Take prompt and effective action, be consistent and fair, and take preventative steps. Well, duh.
Samsung's bid to bag the Wags with phone
Now we're on the subject of Chelsea, here's sponsor Samsung, using its marketing muscle to get added value from the millions it pays to have its name splashed across the Blues' shirts. Having sewn up the players, it hopes their Wags will buy a truly cringe-worthy new phone called "Diva". You'd think the wives and girlfriends would have more taste, but looking at some of them, maybe Samsung's on to something.
Pimlico Plumber off to Spain over tax grab
The latest plutocrat to threaten to quit Britain over the new 50 per cent top rate of tax is Charlie Mullins the millionaire boss of Pimlico Plumbers who's considering a move to Spain. That'll do wonders for response times.
Number of the day: 105
As in Repo 105: the "repo" deals that Lehmans booked as sales, shifting $50bn off-balance sheet in the process
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 New theory could prove how life began and disprove God
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
This is what it's like to be dead, according to a guy who died for a bit
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