The Hut reports 30% sales increase

Sales at online retail specialist The Hut Group grew by 30.4 per cent year-on-year to 145.3m for the 12 months ending December 21st 2012. Earnings jumped 130 per cent to 10.1m. Other highlights for the year included the successful construction of a new data warehouse that deepens customer insight” and …

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Oculus Rift attracts $16m in additional funding

Virtual reality startup Oculus has attracted Series A funding of $16m to back the headline-grabbing Oculus Rift. The fund-raising endeavour was led by Spark Capital and Matrix Partners. Santo Politi and Antonio Rodriguez, execs at the respective firms, have now also joined the Oculus board of directors. The company says …

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