Very.co.uk news and archive

Very Group full year profit improves but sales remain flat

Very UK full year revenue increased 0.7 percent to 1.84 billion pounds, while the group revenue declined by 1 percent to 2.13 billion pounds. The company said in a release that underpinning these results were retail performances at both the Very UK and group level, reflecting strategic investments in pricing and assortment of key categories to...

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Very Group reports flat FY23 sales, profit drops

The Very Group, which operates digital retailers Very and Littlewoods, has reported flat revenue at 2.15 billion pounds for the full year ended July 1, while revenues at Very UK increased 1.9 percent to 1.82 billion pounds. Group adjusted EBITDA dropped to 276.5 million pounds, while adjusted EBITDA margin remained flat at 12.9 percent. The...

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Very Group Christmas sales grow, appoints new chair

The Very Group which operates digital retailer Very.co.uk reported retail sales growth of 21.9 percent with double-digit growth across all four key product categories. Electrical sales rose 28.2 percent, home, 24.5 percent, fashion & sports were up 17.7 percent and developing categories grew 12.2 percent. The group has also announced the...

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The Very Group returns to profit in FY20

The Very Group, which operates online retail brands Very.co.uk and Littlewoods.com, said in a statement that Very.co.uk retail sales increased 10.5 percent to 1,229.6 million pounds driving Very.co.uk revenue up 6.8 percent to 1,589.8 million pounds and group revenue growth of 2.9 percent to 2,050.7 million pounds. Littlewoods, the company...

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Ex-New Look owner eyes up Shop Direct

London - Apax Partners, the former owner of fashion chain New Look, is said to be made an offer for Shop Direct. The private equity firm has been named as one of the few bidders for online retailer Shop Direct by Sky News. BC Partners, who formerly invested in Phones 4U, is also said to have tabled a bid for Shop Direct. Another unknown party is...

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Shop Direct said to be headed for 3 billion pound sale

London - Shop Direct is said to be headed for a sale, as the Barclay brothers seek out 3 billion pounds plus for the retail company. Following previous speculation that Sir David Rowat Barclay and Sir Frederick Hugh Barclay, otherwise known as the Barclay brothers, were preparing to offload a significant stake in Shop Direct, comes news the two...

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Barclay brothers said to be pursuing a sale or listing for Shop Direct

London - Sir David Rowat Barclay and Sir Frederick Hugh Barclay, the Barclay brothers who own the retail company Shop Direct Group, as well as the Daily Telegraph, are said to be looking to offload a significant stake in the 2 billion pound retail business following its record festive trading season. The Barclay brothers are said to be in the...

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Retail madness expected on 'Black Friday' and 'Cyber Monday'

Online giant Amazon UK predicts record numbers of shoppers to visit its site this year during 'Black Friday' and 'Cyber Monday,' while more and more UK retailers are beginning to jump on the kickoff to the holiday shopping bandwagon. Both 'Black Friday' and 'Cyber Monday' are retail promotional events which originated in the US and traditionally...