The Very Group announces strong revenue growth, an expected return to profit for FY20 and a robust liquidity position

The Very Group (the “Group”) is providing a trading update in advance of its year end results for the year ended 30th June 2020. Summary A 65% increase in website visits driving exceptional retail sales growth of 36% at Very.co.uk in the final quarter of FY20 and leading to full year [...]

Strong peak trading for Very.co.uk driven by growth in fashion and sports

Multi-category online retailer Very.co.uk increased retail sales by 6.1% year-on-year in the seven weeks up to and including 27 December 2019, driven by growth across all product categories, with particular strength in fashion and sports, and electrical.  The brand is owned by The Very Group, the UK’s largest integrated online [...]

2020-01-15T07:04:23+00:00January 15th, 2020|Financial results, Homepage news, The Very Group|

Further update on financing

Further to Shop Direct Limited’s (“Shop Direct” and together with its subsidiaries, the “Group”) announcement on 13thNovember, 2019, £75 million has now been invested by way of equity injection from its parent company, Shop Direct Holdings Limited (“SDHL”), into Shop Direct.  The remaining £75 million, out of a total funding [...]

2020-01-06T09:09:07+00:00November 19th, 2019|Financial results, Shop Direct|

Update on financing progress

On 23rd October 2019 Shop Direct announced its intention to raise up to £150 million of additional funding following an unexpected late surge in PPI claims volumes ahead of the 29 August 2019 deadline £150 million committed funding has now been sourced by parent company, Shop Direct Holdings Limited (“SDHL”) and [...]

2020-01-06T09:02:06+00:00November 13th, 2019|Financial results, Shop Direct|

Very app, new customers & category growth drive Shop Direct performance

Very.co.uk revenue increased 7.1% to £1,488.1m, driving Group revenue growth of 1.8% to £1,993.4m Group EBITDA grew 3.3% to £271.0m Very customers increased 5.7% to 2.98m, boosting Group customers by 0.7% to 4.05m Very app orders up 22.9%, reflecting 29.5% of total Very orders Strong sales growth in categories including [...]

2020-01-06T08:54:25+00:00October 23rd, 2019|Financial results, Homepage news, Shop Direct|

Very customers drive continued growth at Shop Direct

Very revenue increased 9.9% to £1,389.1m, driving Group revenue growth of 1.5% to £1,958.8m Group EBITDA grew 11.0% to £262.3m Very customers increased 8.5% to 2.82m, boosting total Group customers by 2.2% to 4.02m Shop Direct, which operates digital multi-category stores Very.co.uk, Littlewoods.com, VeryExclusive.co.uk and LittlewoodsIreland.ie, today announces its full-year [...]

2019-10-21T10:53:59+01:00September 19th, 2018|Financial results, Littlewoods.com, Shop Direct, Very.co.uk|

Sixth consecutive record-breaking Christmas for Shop Direct

Shop Direct, which operates digital department stores Very.co.uk, Littlewoods.com and VeryExclusive.co.uk, increased group revenue by 6.3% year-on-year for the seven weeks up to and including 22 December 2017. The group’s performance was driven by 16.8% year-on-year growth at Very, its largest and fastest growing retail brand. The increase in mobile [...]

Profits surge at Shop Direct as technology investments pay off

[rev_slider alias="results 2015/2016"] Shop Direct, the UK’s second largest pureplay digital retailer, generated strong underlying profit before tax (PBT)1 growth in the 53 weeks to 30 June 2016. The group, which operates digital department stores Very.co.uk, Littlewoods.com, VeryExclusive.co.uk and LittlewoodsIreland.ie, grew underlying PBT by 43.6% to £150.4m and sales by [...]

2016-09-06T05:18:36+01:00September 6th, 2016|Financial results, Shop Direct|

SHOP DIRECT HAS A RECORD BREAKING CHRISTMAS

https://www.youtube.com/watch?time_continue=6&v=aJEWnb7fTu4   Shop Direct, the UK’s second biggest online pureplay retailer, with the Digital department stores Very.co.uk, Littlewoods.com and VeryExclusive.co.uk, provides a Christmas trading update for the seven weeks up to the 25th December 2015. The retailer maintained its strong momentum with sales increasing by 6% year-on-year, significantly ahead of [...]