By Dan Griffin
A direct mail company is using an Irish PO Box address to defraud customers in the United Kingdom.
Star Shopping sends personalised leaflets toUK residents, falsely informing them that they have won sums in excess of £20,000. The recipient is told that in order to receive their “winnings” they must purchase an item for £25 from an accompanying catalogue. They are instructed to send the order along with the money to a PO Box address in Clonshaugh, Dublin 17.
The item from the catalogue tends to be worth a fraction its price and, following purchase, the prize money is never forthcoming.
Elderly people in particular are being targeted by the company which appears to work off a mailing list system. As well as being defrauded out of the £25, personal details which have been included in the return correspondence are also used by the company for the purpose of identity theft.
The Office of Fair Trading has received a number of reports in relation to Star Shopping but a spokesman was unable to clarify the status of any complaints. Previously the OFT took legal action against a Star Shopping holding company, but now the office suspects the company has re-emerged.
In 2004 the OFT received reports of direct mail fraud. Following a cross-border investigation, the organisation took court proceedings against Best BV, a Dutch company which traded as Best Of, Oliveal, and Star Shopping.
On appeal the OFT won an injunction against Best BVto prevent it from “sendingUKconsumers misleading mailings.” The court ruled that Best BV would be fined €1 million for any subsequent piece of misleading piece sent and also forced them to place an agreed statement in two national UK newspapers apologising for having misled UK consumers.
According to the OFT spokesman this court case crippled the company and shut it down.
“As far as we’re concerned this investigation is closed,” he said. “If the company is doing it again it’s doing it as a phoenix company. It does occasionally happen. So, the holding company has been dismantled, but they just set themselves up again under a slightly different name and they have a different universal beneficial owner and they can do a very similar thing but if they get taken to court they won’t be found guilty twice.”
He continued: “We have received complaints. We get these kinds of complaints quite regularly but the question is whether or not there is sufficient concern to action them.”
The Advertising Standards Authority has also received complaints since the company’s apparent crippling in 2006. But the authority is powerless to take action because, although the company is targeting UK residents, its base of operations is outside of Britain.
An ASA spokesman said: We have obviously heard of Star Shopping and we’ve had 17 complaints since 2006, so we’ve not been bombarded, but in all these instances it has been outside of our remit… the most recent one we’ve had is registered Dublin 17.”
The Irish World contacted the Irish Consumer Protection Agency which also said it had received a number of complaints in relation to Star Shopping. However, despite the Irish PO Box address, the agency said: “Star Shopping have no geographic location/base in Ireland and is not registered as a business in this jurisdiction. A Dublin PO Box is used for correspondence, which is then forwarded by a mail forwarding service to a handling company based elsewhere in the EU.”
PayPal claims its iPhone and Android shopping app beats NFC chips - Daily Telegraph
Unlike many other attempts to turn smartphones into electronic wallets, PayPal’s app does not rely on NFC. Google, credit card firms and the mobile operators – as well as, it’s rumoured, Apple - are all backing this “wave and pay” technology. It is being built into the latest devices such as the Samsung Galaxy SIII and works in a similar way to London’s Oyster card system.
PayPal claimed its app is better, however, because it does not require retailer to install new equipment.
"[It] underlines our view that mobile payments don't need NFC technology to succeed,” said Mr McLean.
“PayPal’s ‘pay by mobile’ service works with the phones most of our customers already own. And our retail partner doesn't have to install new systems to take in-store mobile payments.”
But NFC’s backers have begun a big push of their own on British high street. Barclaycard is currently heavily marketing its “PayTag”, a sticker containing an NFC chip designed to be stuck to the back of a smartphone. It converts current devices, which typically lack built-in NFC capability, into electronic wallets.
Despite widespread predictions of a cashless future, some critics have argued that NFC and other mobile payment systems will hand too much control to banks and big technology firms. Never the less, on Wednesday the Post Office said it will soon become Britain's largest operator of NFC pay points.
Wholesale commodity market closed for 'Bharat Bandh' - Worldnews.com
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The World News (WN) Network, has created this privacy statement in order to demonstrate our firm commitment to user privacy. The following discloses our information gathering and dissemination practices for wn.com, as well as e-mail newsletters.Google to Overhaul Shopping Service, Introduce Purely Commercial Model - Mashable
Google is planning a major overhaul of its shopping feature in which it will shift to a purely commercial model built on Product Listing ads.
The shift, to be completed this fall, is designed to “make it easier to research purchases, compare different products, their features and prices, and then connect directly with merchants to make their purchase,” according to a blog post from the company.
Google is calling the new experience Google Shopping. Confusingly, a tab called Google Shopping already exists, but when you click on it, it leads to Product Search. Product Search is a mix of paid and unpaid placements. Google Shopping will consist of all paid placements, which is based on bids that retailers send via a constant feed. (However, search results for products will also include purely organic results below the top and right side of the page.) The change will give consumers better search results, says Sameer Samat, vp-product management at Google. It may also add to Google’s revenue stream.
As an example of the changes in store, Google provided the following image for Product Search as it currently appears:
Here is how Google Shopping will look this fall:
As illustrated, the major change is the position of “product universal,” Google’s term for organic results that it’s highlighting in the same way as ads, which will appear in the right column.
Another change is for more specific queries. In this case, while the searches above were for “tents,” the following is for “marmot limelight 2p.”
In addition to those changes, Google is rolling out Google Trusted Stores, a program it quietly introduced in April that takes into account reviews, shipping times and other factors to give Google’s seal of approval to merchants. While that program may help level the playing field with eBay, the overall changes to Google Shopping appear to be a bigger threat to Amazon.
In December, The Wall Street Journal reported that Google was in talks with major retailers about a new service that would add cheap 24-hour shipping to Product Search. Google would oversee the shipping feature, which would show whether stores have a product in stock and can deliver it within a day. The program might involve the United Parcel Service and local courier services, according to the WSJ.
Samat declined to comment on that report.
Image courtesy of iStockphoto, kyoshino
Costco Wholesale Corporation Reports May Sales Results - Yahoo Finance
ISSAQUAH, WA--(Marketwire -05/31/12)- Costco Wholesale Corporation (COST) today reported net sales of $7.67 billion for the month of May, the four weeks ended May 27, 2012, an increase of seven percent from $7.14 billion during the similar period last year.
For the first thirty-nine weeks of its reporting period ended May 27, 2012, the Company reported net sales of $71.28 billion, an increase of ten percent from $64.75 billion during the similar period last year.
Comparable sales for these periods were as follows:
4 Weeks 39 Weeks ---------- ---------- U.S. 5% 7% International 3% 7% Total Company 4% 7% ========== ==========
Deflation in gasoline prices had a slight negative impact on comparable sales for the four-week period, while inflation in gasoline prices had a positive impact for the thirty-nine week period; foreign currencies had a negative impact for both periods. Excluding these effects, comparable sales for these periods were as follows:
4 Weeks 39 Weeks ---------- ---------- U.S. 5% 6% International 8% 9% Total Company 6% 7% ========== ==========
Additional discussion of these sales results is available in a pre-recorded telephone message. You can access the recording by dialing 1-855-859-2056 (conference ID 28780562). This message will be available today through 5:00 p.m. (PT) on Friday, June 1, 2012.
Costco currently operates 602 warehouses, including 435 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open up to an additional six new warehouses prior to the end of its fiscal year on September 2, 2012.
Certain statements contained in this document and the pre-recorded telephone message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), energy, and certain commodities, geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
Costco Wholesale Corporation
Richard Galanti
425/313-8203
Bob Nelson
425/313-8255
Jeff Elliott
425/313-8264
Costco Wholesale May Comparable Store Sales up 4% - Benzinga
Costco Wholesale Corporation (NASDAQ: COST) today reported net sales of $7.67 billion for the month of May, the four weeks ended May 27, 2012, an increase of seven percent from $7.14 billion during the similar period last year.
For the first thirty-nine weeks of its reporting period ended May 27, 2012, the Company reported net sales of $71.28 billion, an increase of ten percent from $64.75 billion during the similar period last year.
Comparable sales for May was up 4%.
Shopping Calendar Gets a School Day - New York Times
The magazine, Teen Vogue, is ready to begin promoting Aug. 11 as a national day for back-to-school shopping. Back-to-School Saturday will offer young shoppers — and the parents who often pay the bills — sales, free samples and events in stores and malls.
Teen Vogue has two dozen advertisers taking part, all of them reliant on the back-to-school season for revenue. The participants will include Aéropostale, American Eagle Outfitters, Express, Guess, H&M, Maybelline New York, Pacific Sunwear of California, Quiksilver, Staples and Vans. Four brands sold by Procter & Gamble, the nation’s largest advertiser, will be involved: Cover Girl, Olay, Pantene and Tampax.
Back-to-School Saturday will be promoted in the typically enthusiastic Teen Vogue tone of voice. For instance, ads and posters will exhort, “Get ready, get set, get shopping!” And social media will, of course, play a big role; Teen Vogue has already called dibs on a hashtag, #btss.
“We’re trying to create a moment of imagination and motivation,” said Jason Wagenheim, vice president and publisher of Teen Vogue, part of the Condé Nast Publications division of Advance Publications. “We saw it as a real opportunity, because for our girls, back-to-school is as important as” the Christmas shopping season, he added.
Mr. Wagenheim acknowledged that the back-to-school shopping period “is a very random 8 to 12 weeks that starts early in the South and later in the North.” But research suggested that shopping for school supplies, clothing and other merchandise “seems to peak in the second and third week of August,” he said, so the Aug. 11 date was selected as one that could be turned into “a galvanizing moment.”
Alison Corcoran, senior vice president for retail marketing at Staples, echoed Mr. Wagenheim.
Although “the season starts in June in some markets and goes all the way to the third week of September in Manhattan,” Ms. Corcoran said that designating Aug. 11 as a special occasion “is putting a stake in the ground, saying, ‘Here’s a day you can rally around.’ ”
And “for value-conscious parents,” said Ms. Corcoran, who described herself as “a mom of four,” it is “great to know there’s a day with the best of the best deals.”
As part of Back-to-School Saturday, she added, Staples will promote, among other offers, its annual Back to School Savings Pass, which costs $10 and offers 15 percent off “all your school supplies for the rest of the season.”
Mr. Wagenheim said he was not daunted by how chockablock the shopping calendar already is with days intended to stand out from the everyday. “Kids are looking for something to do,” he said, “and back-to-school is important to them.”
And “we look to our big sisters from Vogue,” Mr. Wagenheim said, who introduced in 2009 a national shopping event called Fashion’s Night Out. The Vogue initiative has grown larger each year, expanding internationally, and this year is Sept. 6.
Consumers are becoming “increasingly interested in event-based shopping,” said Gary H. Schoenfeld, chief executive at Pacific Sunwear, who recalled how he was “up all night on Black Friday in three or four of our stores, and customers were having a blast.”
“Three o’clock in the morning felt like 8 o’clock at night, as people were with friends and having a great time shopping,” Mr. Schoenfeld said. “The idea of Teen Vogue trying to introduce something like that for back-to-school is a fun idea; why not be a part of it?”
Deborah Marquardt, vice president for media and integrated marketing at Maybelline New York, part of the L’Oréal USA division of L’Oréal, said that for Teen Vogue’s target generation, “shopping is like a sport.”
Back-to-School Saturday represents an “opportunity to get out in front of this key audience,” she added, in a relevant way that “gives shape and focus to something that’s already existed, elevating it, event-izing it and celebrating it.”
“If it doesn’t provide anything of value,” Ms. Marquardt said, consumers will not respond. “But they’re going to get samples, and they’re going to get offers, and there’ll be a fashion show at the Grove,” she added, referring to a mall in Los Angeles, “where 10-to-15,000 are expected.”
Teen Vogue offered advertisers a chance to participate in Back-to-School Saturday if they agreed to do more business with the magazine, in some combination of print and/or digital spending.
For its part, Teen Vogue is spending hundreds of thousands of dollars on the initiative, an amount similar to what the magazine has spent on previous efforts like Teen Vogue Fashion University.
Mr. Wagenheim said, “Our long-term hope is that it becomes part of the retail calendar, like Black Friday.”
The August issue of the magazine, on sale on July 3, will have a back-to-school theme, and there will be additional content on teenvogue.com. There are plans for an iPhone app, called Teen Vogue Insider, timed for Back-to-School Saturday.
Foster City shopping center changes hands - The Business Journal
Foster City’s Marlin Cove Shopping Center is changing hands for $17.38 million in an off-market deal that closed fast.
How fast?
“The deal was all cash in 21 days,” said Ryan Forsyth of Cornish & Carey Commercial Newmark Knight Frank , who represented the buyer, Retail Opportunity Investments Corp., with colleague Scott Crowle. The seller was not disclosed.
The 74,596-square-foot center, at 1070-1098 Foster City Blvd., includes a three-story office building and 53,379 square feet of retail. It is 75 percent leased, and tenants include 99 Ranch Market, Starbucks and Round Table Pizza. The office building includes doctors’ offices and PrimePay, a payroll services company.
Nearby is the high-rise apartment complex Marlin Cove apartments, with 280 units. Also, in April the city sold a 15-acre property to developer The New Home Co. for $30 million. Plans for the site, adjacent to City Hall at 610 Foster City Blvd., include 30,000 square feet of retail and a senior-housing complex that would add 400 townhomes, condos, assisted living units and affordable apartments to the region.
“The population is going to get denser,” Forsyth noted.
Marlin Cove Shopping Center in the past has leased for about $2.50 a square foot.
ROIC focuses on retail properties and has 32 shopping centers across the country. In Northern California, it owns centers in Sacramento, Stockton, Pleasant Hill, Monterey County and Pinole. The company posted gross profit of $51.7 million for the year ended Dec. 30, 2011.
David Goll covers health care, retail, nonprofits and education at the Business Journal. His phone number is 408.299.1853.
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CTS Wholesale Sunglasses Launches Customer Reviews Website - Consumer Electronics Net
May 31, 2012 --
(PRWEB) May 31, 2012
Ecommerce vendors are increasingly embracing social media and CTS Wholesale has launched its customer reviews website to collect customer feedback and testimonials. They already have a Facebook page and a blog to keep in touch with their customers and fans.
It is now common knowledge that Internet is no more a one-way medium where the business owners would show their product range and customers would buy. Now users are actively voicing their opinion about the different brands and also checking others' comments before taking a final buying decision. Therefore companies need to be in touch with their most precious asset, customers. Customer reviews websites help the companies to collect these testimonials in an organized fashion and display these to help their prospects move towards the buying decision with confidence.
"We love to carry out a constant dialog with our customers and our social media activities are a reflection of this policy. We started with a blog to share marketing tips and new product information with our small business customers. Then we launched a Facebook page to interact with them even more closely. And now we have opened another channel where they can share their good and bad experiences with us," shared Kirk Bachelder, owner of CTS Wholesale.
CTS operates an online ecommerce portal where people can buy wholesale sunglasses, wholesale hats and oil based lighters with a large selection of designs. This site is very user friendly and has provision for toll-free numbers and live online chat to help the customers with any questions they may have about the products, shipping or returns.
Actively monitoring the online media helps business owners research the in-demand products and understand the consumer psyche which enables them to launch just what the market needs. This results in ready acceptance of their products by the early and later stage buyers. CTS regularly announces coupon codes and special discounts through the social channels for a little extra profit to the people who stay connected with the company.
"The reviews website helps us listen to our customers and learning about their good experience in dealing with us motivates us to provide an even better service next time. We also get to know if someone has faced any problem and we can set things right and resolve the customer's issues quickly thereby improving the overall satisfaction level," said Kirk. "Those who leave us a review are also rewarded by a surprise bonus," added Kirk.
CTS offers wholesale replica sunglasses, sunglass accessories and sales tools like display stands, which can be bought online and sold at malls, exhibitions and other retail markets. With a fantastic profit potential, selling sunglasses has become an attractive proposition for several people who want to run their own small retail business. CTS is a leading online wholesaler of such products. Those testing the waters can buy as little as 1 dozen, while there is a provision for large commercial level wholesale packs for those with an established outlet.
The store has a convenient ordering process, facility to pay with a credit card and same day shipping resulting in pleasant online shopping experience. Toll-free numbers in both USA and UK allow the customers to get their questions answered in real time.
About CTS Wholesale LLC:
CTS Wholesale operates an online store selling sunglasses, caps, hats and lighters to dealers buying in wholesale. Stressing on high style, attractive prices and reliable quality, they are a popular consumer website. Visit http://www.CTSWholesaleSunglasses.com. The customers can leave their review at http://reviews.CTSWholesaleSunglasses.com.
Contact:
Kirk Bachelder
CTS Wholesale LLC
503.364.3486
###
Read the full story at http://www.prweb.com/releases/cts-wholesale/customer-reviews/prweb9560992.htm.
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