Littlewoods news and archive

Economic pressures impact Very Group's Q2 revenue, but EBITDA rises

The Very Group's FY25 second quarter results reflected continued economic headwinds, leading to a 4.5 percent revenue decline, totaling 1.17 billion pounds. However, the multi-brand online retailer demonstrated resilience by boosting adjusted EBITDA by 17.4 percent year-on-year to 150.2 million pounds. “As expected, the market in Q2 FY25...

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The Very Group names Nadhim Zahawi as non-executive chair

British e-tailer The Very Group, which operates digital retailers Very and Littlewoods, has appointed YouGov founder, former senior government minister and MP, Nadhim Zahawi, as its non-executive chair and board member. Zahawi, who has served in some of the most senior and high-profile ministerial roles in the British government, including as...

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Very Group fashion sales fall, yet retail sales rise elsewhere

The Very Group has reported its trading for the Christmas and Black Friday period, spanning seven weeks to 22 December 2023, during which it saw UK retail sales grow 3.4 percent year-on-year. The performance, which the company said was “consistently ahead of the UK online non-food retail market”, also represented a growth in market share over...

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Very Christmas sales boosted by beauty and fragrance

British e-tailer Very has reported a 2.2 percent year-over-year increase in retail sales in the seven weeks to December 23, boosted by a 12.7 percent rise in beauty and fragrance sales. Compared to pre-pandemic levels from 2019, sales at Very were up 19.6 percent. On a less bright note, however, fashion and sports sales were down 6.6 percent...

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Very Group Q1 sales growth driven by strong fashion performance

Very Group, the parent company of online retailers Very and Littlewoods, has reported an increase in sales and profitability in the first quarter of the year, driven by a strong performance of the fashion category. Group sales increased by 3.9 percent to 484.1 million pounds in the 13 weeks to October 2 compared to the same quarter a year...

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Very recruits 11 young people in kickstart initiative

Online retail operator, The Very Group, has hired 11 individuals to be a part of its customer care, tech bar and colleague experience teams. The group that operates e-commerce sites Very.co.uk and Littlewoods.com, is taking on the young recruits as part of the UK Government’s Kickstart scheme to increase opportunities for individuals who could...

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Very recruits 11 young people in kickstart initiative

Online retail operator, The Very Group, has hired 11 individuals to be a part of its customer care, tech bar and colleague experience teams. The group that operates e-commerce sites Very.co.uk and Littlewoods.com, is taking on the young recruits as part of the UK Government’s Kickstart scheme to increase opportunities for individuals who could...

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Shop Direct secures 150 million pounds in funding

Online British retailer Shop Direct has secured 150 million pounds in funding from its parent company, Shop Direct Holdings Limited (SDHL). The The Littlewoods.com and Very.co.uk owner said that 75 million pounds of the funding will be invested by way of equity injection before the end of November, while the group is still evaluating...

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Shop Direct falls into the red with 10.7 million pounds loss over PPI claims

London - Shop Direct, parent company of Very.co.uk and Littlewoods.co.uk, revealed a loss of 10.7 million pounds for the nine months to March 31, 2018 - putting the multi-brand retailer in the red. The loss hits hard when compared to Shop Direct's 57.4 million pound profit for the same period last year. However, Shop Direct has attributed part...

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