Amazon’s UK unit paid £2.4m in corporation tax last year, despite making sales of £4.3bn, the online retailer’s accounts show.
See original here: Amazon paid £2.4m in tax in 2012
Category : Business, World News
The website advertised a shirt at £13 but raised the price to £17 when I went to buy it
I recently found a Nike Tech Golf Polo shirt on the Sports Direct website for £13. But as soon as I tried to buy it, it came up in the “my bag” area (basket) at £17. My complaint was ignored, but when I looked again, the price had been increased to £17. What’s the legal position? JC, by email
This is a question that is increasingly being asked, especially on the back of the boom in internet shopping, and a number of high-profile online price gaffes. Quite simply, retailers are under no obligation to sell you items that have been incorrectly priced, whether you are in a store, or looking online.
Most online retailers’ terms and conditions state that the contract is formed at the point of despatch, allowing them to check the transaction and correct any errors. So had Sports Direct charged you £13 for the shirt and sent it out, it could not then demand the extra £4 if it later realised its error. The same would be true if you bought it in store, and then left the shop with the item.
Equally, if you see a £399 computer advertised for £3.99, and you buy and pay for 10 computers, the retailer will not be required to go through with the sale, assuming it spots the mistake before it sends them out to you.
If it sent them to you, there would be no obligation on you to pay the difference if later asked.
We welcome letters but cannot answer individually. Email us at consumer.champions@guardian.co.uk or write to Bachelor & Brignall, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number
Shares rally more than 4% after retailer confirms $1.75 billion loan from Goldman and NYPost reports more hedge funds taking stakes.
See more here: J.C. Penney scores big with Goldman
Category : World News
Clothing retailer Primark’s “exceptionally strong” performance helps to push profits higher at owner Associated British Foods.
Read more from the original source: Primark boosts profits at AB Foods
Category : Business, World News
Staff at retailer Next are to get a cash bonus after the company’s boss asked for a £2.4m share windfall to be distributed among employees.
Go here to read the rest: Next staff to share boss’s bonus
Category : Business, World News
Marks and Spencer’s director of lingerie and beauty Janie Schaffer leaves the retailer after three months.
Read the original post: M&S lingerie chief Schaffer leaves
The retailer drew money from its existing credit line to replenish inventory and for other working capital. Stock bounced higher.
Read more: J.C. Penney’s latest survival tactic
The troubled retailer hired the Blackstone Group to help it raise $1 billion in equity. Several private equity groups are looking at JCPenney’s books.
Read the original: JCPenney fighting for survival
The retailer’s bonds are trading at around 70 cents on the dollar, suggesting investors think it could be headed for bankruptcy. But the value of its real estate alone is higher than all of its debt.
Read more: JC Penney’s most discounted item: Its bonds
Category : Business
Restructuring specialist Hilco has clinched a deal to rescue music and DVD retailer HMV, but where did it all go wrong for the once-dominant music retailer?
Continue reading here: VIDEO: HMV: Where did it all go wrong?