One of the leading UK based online retail groups in the home and general merchandize market has reported a steep drop in annual profits according to news reports. The UK wholesaler has reportedly suffered a profit blow of around 13 percent. The group managing director of its struggling catalogue chain is stepping down in June 2011 according to company sources.
A leading UK wholesaler has jettisoned an ambitious project of merging the television and the Internet for advertising and e-commerce after less than a year of operations. The primary reason cited by the company was weak advertising and e-commerce revenues from the project. The ambitious project is most likely to be dissolved in two to three months’ time.
Just like in the case of any other business, it is important to understand the benefits and risks of drop shipping before actually venturing into it. The internet offers an amazing number of glowing reviews on drop shipping and how fast it will increase your income. However, there is a dark side too. Online resources also feature many online retailers whose business never even took off. It was simply because they chose the wrong trader to collaborate with. Nevertheless, before you dismiss your ideas of drop shipping, read on.