This protocol is applicable to various electronic businesses, for example, electronic shopping, group purchases, electronic voting, electronic auctions, and electronic bidding.
The move by Mr Jones follows Shop Direct, the home shopping group, acquiring Woolworths to run it as an online-only brand in early 2009.
Home shopping group N Brown was positive despite the prospect of the forthcoming austerity measures, and its shares climbed 6.1p to 248.9p.
Home shopping group N Brown, the business behind Jacamo and Simple Be, added 26.6p to 446.7p after underlying full year profits rose 2.6% to £96.4m.
Elsewhere home shopping group N Brown slipped 5.4p to 366p on profit taking after it said it would meet full year profit forecasts of around £97m.
Graduate Fog, the website that offers careers advice to graduates, has complained about the "fashion happy film competition", which the Standard has been running jointly with the Westfield shopping group.
Australia's top online shopping group The Catch Group, which boasts annual revenue of A$350 million ($321 million) and a database of 3.5 million customers, wants to give a hand to fledging startups.
Retailers are scrambling to keep up with the technology preferences of Millennials who have now eclipsed Baby Boomers as the world's largest shopping group and who will be 75% of the global workforce by 2025.
Research by the Centre for Retail Research and online shopping group Kelkoo has suggested that retail sales will fall by about £2.2bn in the first three months of the year as a result of the rise in VAT.
"In this space, our engineers are working on cameras for mobile devices, technologies for Amazon PrimeAir working how to safely get packages into customers' hands in 30 minutes or less, and the Alexa Shopping group which is working on technology that is core to the Alexa Shopping experience, solving problems in areas of natural language and high-precision search," said Ifhar.
