The Very Group
This coverage explores The Very Group’s strategy and performance in the UK retail sector, focusing on its digital platforms, financial results, logistics operations, and leadership decisions. Reporting highlights how the business navigates e-commerce trends, customer engagement, and operational challenges, providing valuable insights for executives, managers, and professionals interested in multichannel and online retailing.
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Feb- 2025 -5 FebruaryNews-In-Brief
Today’s news in brief-5/2/25
A Welsh fashion designer has taken Boohoo, and its affiliated brands PrettyLittleThing, Nasty Gal Limited, Misspap, and Debenhams, accusing it of copying her signature designs. Sonia Edwards claims that her designs, including a halter-neck bikini top, a rib organza mesh puff-sleeve top, a velvet ruched midi-skirt, a twist-front skirt, and…
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5 FebruaryOnline & Digital
Very Group ends HSBC relationship after 10 years
The Very Group has cut ties with HSBC, the bank which ran its customer loan portfolio worth around £1.8bn, according to reports from The Times. The online retailer has instead handed over responsibility of the securitisation of its buy now, pay later offer, to Natwest. Very provides finance options for…
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Jan- 2025 -17 JanuaryNews-In-Brief
Today’s news in brief-17/1/25
Retail sales in the UK fell by 0.3% in December, disappointing analysts who anticipated a 0.4% rise during the Christmas season. The decline, attributed to the poorest supermarket sales since 2013, was partly offset by a 4.4% rise in clothing sales. The Office for National Statistics (ONS) reported that food…
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14 JanuaryNews-In-Brief
Today’s news in brief-14/1/25
JD Sports adjusted its profit expectations for FY24 to £915m-£935m, down from an earlier forecast of £955m-£1bn, citing challenging market conditions during the holiday season. Sales in the nine weeks to January 4 dipped 1.5%, though December saw a 1.5% rise in like-for-like sales. Organic revenue grew 3.4%, driven by…
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14 JanuaryNews
The Very Group sales rise 2.3% in run-up to Christmas
The Very Group retail sales rose 2.3% year-on-year during the seven weeks to 27 December 2024. Excluding Nike, Very UK and Group retail sales grew by 4.5% and 2.8% year-on-year respectively. Across this period, the home and beauty category jumped 15% YoY, toys, gifts and beauty increased 7.3%, meanwhile fashion…
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3 JanuaryFeatures
How to transform the world of cross-border e-commerce
In today’s interconnected world, cross-border e-commerce has become the lifeline for retailers looking to expand their markets, but the journey is often fraught with logistical, technological, and financial challenges. For Tony Preedy, Managing Director of Fruugo, simplifying this complex puzzle is the mission. Speaking to Talking Shop, Preedy shared how…
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Nov- 2024 -28 NovemberNews-In-Brief
Today’s news in brief-28/11/24
Consumer confidence remains subdued as the festive season nears, according to the British Retail Consortium (BRC). While personal retail spending rose slightly to +3 in November from +2 in October, and overall spending expectations stayed at +17, worries about the broader economy persist. Financial expectations improved marginally to -3, but…
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28 NovemberOnline & Digital
Very Group losses widen in Q1
The Very Group has revealed that its loss-before-tax rose to £22.9m in the 13 weeks ended 28 September 2024, an increase of £5.8m. Alongside this, Very saw its sales fall 5% to £450.2m, with revenue for Very UK falling 3.8% to £392.1m and Littlewoods revenue down 14.4% to £45m. Very…
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Oct- 2024 -24 OctoberOnline & Digital
Very Group profits jump 17% amid ‘careful cost management’
The Very Group has revealed that its pre-exceptional operating profit jumped 17.1% to £218.3m for the year ended 29 June 2024. Furthermore, the group’s EBITDA rose 8.4% to £267.6m, up from £246.9m in the previous year. Alongside this, Very UK revenue increased 0.7% to £1.84bn however its group revenue declined…
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8 OctoberOnline & Digital
Very Group owners to appoint banks ahead of potential £2.5bn sale
The owners of the Very Group, the Barclay family, have reportedly appointed banks as they eye a £2.5bn sale of the group, according to reports from Sky News. The board, now chaired by former chancellor Nadhim Zahawi, is lining up Barclays, JP Morgan and Morgan Stanley to handle a strategic…
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