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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Mar- 2025 -5 MarchOnline & Digital
The Very Group announces the National Literary Trust as new charity partner
The Very Group has announced that the National Literary Trust will be its charity partner for the next three years. The National Literacy Trust is an independent charity which works with schools, communities and partners across the UK to empower children, young people and adults with the literacy skills they…
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Feb- 2025 -20 FebruaryNews-In-Brief
Today’s news in brief-20/2/25
Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and the loss of around 200 jobs. Advisory firm Teneo will oversee the administration process, while Orion Retail Limited, owned by Quiz’s founding family, will acquire certain assets, including 42 stores,…
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20 FebruaryOnline & Digital
Very Group HY profits rebound despite sales drop
The Very Group has returned to profitability posting a pre-tax profit of £6.1m for the 26 weeks ended 28 December 2024, despite a drop in sales. The company’s revenues saw a 4.5% decrease to £1.17bn during the period, with revenue for the Very UK brand down 3% to £1.02bn. Very…
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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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