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Shop Direct plans to close its Littlewoods Clearance arm, which sells unsold stocks from across the etailer’s brands, by the end of February next year.
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 people-train continued along the track this year, as some of the industry’s biggest names chose to shake things up and head for pastures new. Drapers looks back at some of the year’s biggest moves.