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John Lewis sales stalled by strike and sunshine

first_img RETAILER John Lewis said sales growth slowed last week, as a strike on London Underground and a brief Indian summer meant fewer shoppers in its stores.The employee-owned company, traditionally seen as a bellwether of the UK retail sector but which has outperformed competitors for over a year, said on Friday sales at its 28 department stores and two “at home” stores rose 7.2 per cent to £59.5m in the week to 9 October. That compares with growth of 13.9, 15.1 and 11.7 per cent in the previous three weeks respectively.“The tube strike on Monday (4 October) in London, added to the relatively good weather compared to a year ago, contributed to lower footfall in our shops,” said buying and brand director Peter Ruis.“However, the fantastically strong John Lewis Direct (Internet) sales (up 46 per cent) must give us confidence that consumer spending is still strong despite the potential impact of the upcoming public sector cuts,” he said.A survey on Wednesday said consumer confidence fell in September to its lowest level in a year, while one on Tuesday said retail sales growth halved in the same month, as uncertainty ahead of the government’s October 20 review made shoppers nervous.John Lewis also owns the 234-store Waitrose supermarket chain. Here sales rose 9.6 per cent to £92.8m underlining its status as one of the UK’s fastest growing grocers.Commercial director Mark Williamson said the outcome was boosted by the firm’s “Brand Price Match” campaign, where 1,000 branded lines are price matched with Tesco, Britain’s biggest retailer.Sales were also boosted by consumers eating in on Saturday to watch popular television shows “X Factor” and “Strictly Come Dancing,” with sales of pizza up 30 per cent and Italian ready-meals up 23 per cent. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com John Lewis sales stalled by strike and sunshine Share whatsapp Show Comments ▼ center_img John Dunne Friday 15 October 2010 4:45 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider whatsapp Tags: NULLlast_img read more

Italy issues 70 new igaming licences

first_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Italy issues 70 new igaming licences Regions: Europe Southern Europe Italy Italian gaming regulator Agenzia delle Dogane e dei Monopoli (ADM) has finally completed the process to award a tranche of new online gaming licences to operators, with 70 companies approved following a number of delays to the process.Of the total number, 66 have been granted full permission to operate in the market. The final four, Scommettendo, Spati, Sogno di Tolosa and Universal Solutions, have been awarded licences with additional – unspecified conditions – attached.The other 66 licensees includes a number of high profile international operators including The Stars Group, William Hill, Paddy Power Betfair, GVC and bet365, local land-based and online businesses, and new Scandinavian entrants such as Casumo and Videoslots.Each licence required operators to pay a fee of €200,000 (£175,535/$226,379), with companies also required to have an existing Italian or European Union gaming licence, with turnover of at least €1.5m in the past two years. All licences are valid until December 31, 2022.However, the final total of 70 licences falls far below the 120 licences that the Italian government had made available. It also means that ten companies either had their applications rejected or pulled out of the process, after ADM revealed in April last year that it had received 80 applications in total.Originally scheduled to open in September 2017, the application window finally opened in January 2018, with ADM then saying in October last year that it expected to finalise the process in the coming weeks.It was carried out against a backdrop of wholesale change, with the government introducing its so-called Dignity Decree, effectively banning all gambling advertising from January 1, 2019, in July 2018.
This was followed by a tax hike in December last year, also effective from January 1. This sees the tax on online casino and bingo increased to 25% of gross gaming revenue, with fixed odds betting tax raised to 24% of GGR. Land-based sports betting operators are now taxed at 22% of GGR, while tax on virtual sports (22%), video lottery terminals (6.75%) and amusement with prizes (18.85%) were also increased.Despite these changes the market continues to perform well. iGamingBusiness.com’s Italy dashboard, compiled with figures provided by Ficom Leisure, revealed that regulated igaming revenue rose 16.8% in 2018 to €1.53bn. The majority of this revenue (46.4%) came from online betting, followed by casino, which accounted for 41.9% of the total. 13th February 2019 | By contenteditor Topics: Casino & games Legal & compliance Sports betting Slots Tags: Mobile Online Gambling Slot Machines Italian gaming regulator Agenzia delle Dogane e dei Monopoli (ADM) has finally completed the process to award a tranche of new online gaming licences to operators, with 70 companies approved following a number of delays to the process. Casino & games Email Addresslast_img read more