Shop Directs posts marginal rise in full year revenue

Shop Direct, operator of multi-category stores Very.co.uk, Littlewoods.com, VeryExclusive.co.uk and LittlewoodsIreland.ie, in its full-year results statement for the 52 weeks ended June 30, 2018 said that the group revenue grew 1.5 percent to 1,958.8 million pounds (2,578 million dollars) in a challenging external environment. The company added EBITDA increased 11 percent to 262.3 million pounds (345 million dollars), highlighting the strength of operational performance in the face of strong sector headwinds. Very customers increased 8.5 percent to 2.82 million, boosting total group customers by 2.2 percent to 4.02 million.