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...

BusinessFeatured

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...

BusinessFeatured

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...

Fashion Featured

Very launches partnership with Re-Fashion

Online retailer Very has launched a partnership with second-hand clothes specialist, Re-Fashion, to help reduce clothes waste. The scheme will encourage Very’s customers to give up their unwanted clothes for new owners to give them a second life in an attempt to reduce the amount of good quality, wearable clothes going to landfill. As currently,...

BusinessFeatured

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...

Fashion Featured

Very embracing size diversity with new feature

Online retailer Very.co.uk, part of The Very Group, has launched a new feature on its website that helps customers choose the right size and fit. The move is part of the e-tailer’s commitment to embrace size diversity and will allow customers to see how items will fit by using real-life female models of UK size 8, 14 and 18. The new feature will...

Business|UPDATE

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...

Business|UPDATE

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...

Business

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...

RetailFeatured

Shop Direct launches “conversational” virtual assistant

Shop Direct, which owns Very and Littlewoods, has become the first UK-based retailer to use conversational user interface (CUI) technology in dealing with customer queries by launching a fully-automated platform that allows customers to quickly find answers to their questions in a WhatsApp-style chat environment. Currently only available within...

Fashion Featured

Very to launch new own label to “accelerate growth”

Shop Direct’s online department store Very.co.uk is targeting “accelerated growth” in the UK fashion market with the launch of its new “hero” own label clothing brand, ‘V By Very’, which will be unveiled to consumers on September 5. The new womenswear collection will include clothing, footwear, and accessories, with the aim of providing “...

Retail

John Lewis is the big winner at Verdict Retail 2016 Awards

John Lewis came out as the big winner of Verdict Retail 2016 Customer Satisfaction Awards, sweeping six awards across a variety of categories including best clothing retailer and best in-store experience. The British department store group surpassed the likes of Asos and Adidas during the award ceremony, held last night at the Millennium...