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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Jan- 2022 -11 JanuaryClothing & Shoes
Very Group sales spike 22% over festive period
The Very Group has welcomed a period of “strong” trading in the run-up to Christmas, with sales increasing 21.9% in the seven-week period ended 24 December 2021. In light of the effects of the pandemic last Christmas, its latest results were given against its sales two years ago. As more…
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Nov- 2021 -23 NovemberOnline & Digital
Very Group sees quarterly profits rise to £13.5m
The Very Group has revealed its pre-tax profits for the 12-week period ending 2 October 2021 increased to £13.5m, up from £8.6m the previous year. The retail group said the performance comes after group sales increased by 3.9% to £484.1m. Its flagship site, Very.co.uk, saw revenues surge 9.6% to £403.8m,…
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12 NovemberPeople Moves
In The Style names new CEO
In The Style has announced the appointment of Sam Perkins as the group’s new CEO, effective 17 January. It comes as Adam Frisby, the founder and CEO of the Group, has taken the decision to become chief brand officer, a newly created role with responsibility for developing the group’s influencer…
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Oct- 2021 -25 OctoberOnline & Digital
Very wins UN award for empowering women in Indian textile industry
The Very Group has won the community engagement and partnerships category at the India United Nations Women’s Empowerment Principles (WEP) Awards for its work in empowering young women in the country’s textile industry. The award recognises Very’s work to establish five resource centres in southern India, which has helped to…
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19 OctoberNews
Very Group reports record revenues of £1.87bn
The Very Group has revealed its saw sales surge 24.9% for the 52-week period ending 30 June 2021, driving revenues up 18.2% to £1.87b. Very customers increased 12.4% to 3.82 million, “boosting” group customers by 7.6% to 4.82 million. The retailer also reported profits before tax of £81.7m, up 68.8%…
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Sep- 2021 -24 SeptemberClothing & Shoes
Very Group snaps up former Fenwick CEO as newest managing director
The Very Group has announced that it has appointed Robbie Feather, the former CEO of Fenwick, as its newest managing director with effect November 2021. Feather will succeed Sam Perkins, who will step down at the end of the year after seven years with the operator of very.co.uk. Prior to…
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Aug- 2021 -11 AugustClothing & Shoes
The Very Group raises £575m amid ‘strong’ investor demand
The Very Group has announced that it has raised £575m through the issuing of senior secured notes which are due in 2026. The retailer said that the 6.50% notes were rated “B3 stable” by the investor service Moody’s and attracted “strong demand” from investors, with an orderbook at the final…
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Jul- 2021 -29 JulyOnline & Digital
Very transfers fashion returns to East Midlands fulfilment centre
The Very Group has completed the migration of all its clothing and footwear returns to Skygate, its automated fulfilment centre in the East Midlands. The 850,000 square foot fulfilment centre, which launched the day the first national lockdown began in March 2020, has shipped 20 million items and over eight…
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Jun- 2021 -15 JuneOnline & Digital
Very recruits 30 young people via Gov’s Kickstart initiative
The Very Group has announced plans to create 30 new roles as part of the government’s Kickstart scheme to “improve opportunities” for young people at risk of “long-term unemployment”. The roles are open via JobCentre Plus to 16 to 24 year olds on Universal Credit. It aims to offer work…
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Mar- 2021 -12 MarchOnline & Digital
Very Group prepares for hybrid working model
Very Group has announced that it will be adopting a hybrid working model going forward for all its employees. The Littlewoods.com and Very.co.uk operator renovated its Liverpool-based headquarters to accommodate its 2,100 members of staff oscillating between working on site and at home. The renovations, carried out by Greenmount Projects,…
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