Littlewoods news and archive

Economic pressures impact Very Group's Q2 revenue, but EBITDA rises

The Very Group's FY25 second quarter results reflected continued economic headwinds, leading to a 4.5 percent revenue decline, totaling 1.17 billion pounds. However, the multi-brand online retailer demonstrated resilience by boosting adjusted EBITDA by 17.4 percent year-on-year to 150.2 million pounds. “As expected, the market in Q2 FY25...

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The Very Group names Nadhim Zahawi as non-executive chair

British e-tailer The Very Group, which operates digital retailers Very and Littlewoods, has appointed YouGov founder, former senior government minister and MP, Nadhim Zahawi, as its non-executive chair and board member. Zahawi, who has served in some of the most senior and high-profile ministerial roles in the British government, including as...

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Very Group fashion sales fall, yet retail sales rise elsewhere

The Very Group has reported its trading for the Christmas and Black Friday period, spanning seven weeks to 22 December 2023, during which it saw UK retail sales grow 3.4 percent year-on-year. The performance, which the company said was “consistently ahead of the UK online non-food retail market”, also represented a growth in market share over...

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Very Christmas sales boosted by beauty and fragrance

British e-tailer Very has reported a 2.2 percent year-over-year increase in retail sales in the seven weeks to December 23, boosted by a 12.7 percent rise in beauty and fragrance sales. Compared to pre-pandemic levels from 2019, sales at Very were up 19.6 percent. On a less bright note, however, fashion and sports sales were down 6.6 percent...

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Very Group Q1 sales growth driven by strong fashion performance

Very Group, the parent company of online retailers Very and Littlewoods, has reported an increase in sales and profitability in the first quarter of the year, driven by a strong performance of the fashion category. Group sales increased by 3.9 percent to 484.1 million pounds in the 13 weeks to October 2 compared to the same quarter a year...