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Group revenue at Shop Direct was up 3.7% year on year for the seven weeks ended 28 December 2018, driven by strong clothing and footwear sales and overall growth at Very.
In the week leading up to Black Friday, one by one retailers are unveiling their discounts. Drapers brings you a roundup of the latest offers.
Shop Direct, which owns online retailers including Very and Littlewoods, has announced an 11% increase in EBITDA to £262.3m and a 9.5% rise in operating profit to £224.6m, for the year to 30 June, driven by strong sales at Very.com.
The merger of Very Exclusive with the Very website may make business sense, but experts question whether luxury brands will be comfortable on the main platform.
As Shop Direct’s Very marks its 10th anniversary, managing director of retail Sam Perkins and fashion director Emma Alexander reflect on the changing retail landscape and outline their plans for the next 10 years.