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Very.co.uk hails strong peak trading

Retail sales at Very.co.uk climbed by 6.1% in the seven weeks to 27 December after the retailer saw particularly strong growth in the fashion and sportswear… View Article

GENERAL MERCHANDISE

Very.co.uk hails strong peak trading

Retail sales at Very.co.uk climbed by 6.1% in the seven weeks to 27 December after the retailer saw particularly strong growth in the fashion and sportswear categories.

Other categories putting in a good performance included electricals and homewares.

Total revenue, including financial services income, was up 3.4% year-on-year.

Henry Birch, group chief executive at The Very Group, said: “Our team worked tirelessly to give our four million customers an amazing Black Friday and Christmas. Following a relatively subdued autumn across the sector, I’m delighted with Very.co.uk’s strong retail sales growth during the hugely competitive festive period.”

When revenue from the Littlewoods brand was included, retail sales across the Very group rose by 2.5%.  The group has recently changed its name to Very from Shop Direct.

Looking ahead, Birch said: “We’ll continue this momentum in 2020 as The Very Group, with our rebrand the latest milestone in our company’s long history. We’ll continue to build the best possible place to work and, through data and technology-led innovation, help even more customers say yes when it really matters.”

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