Very Group news and archive

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...

BusinessFeatured

Very Group reports drop in revenue, profit

The Very Group has reported a drop in revenue and profit in the first quarter of the year against a backdrop of “economic headwinds and industry challenges”. The group, which owns brands Very and Littlewoods, reported a 3 percent drop in total revenue to 469.4 million pounds, which it described as “a robust performance against the challenges...

Fashion

Very launches value ‘Everyday’ collection amid cost of living crisis

British retailer Very has bolstered its own-brand offering with the launch of a value fashion and home collection called Everyday. The company, which is owned by parent Very Group, said Wednesday the new collection comprises over 700 fashion and homeware products and comes as part of its goal to “offer families even greater value, convenience...

PeopleFeatured

Very Group taps former Walmart Japan chief as new CEO

The Very Group has named former Walmart Japan executive Lionel Desclée as new group CEO, effective September 19, as current chief Henry Birch steps down after four and a half years in the role. Desclée joins the British retail group from McKinsey & Company, where he spent just under a year as a senior advisor. Before joining McKinsey, he was...

Business

Very almost doubled beauty and self-care brands since start of pandemic

British e-tailer Very said it increased its range of beauty and self-care brands by 94 percent since the start of the pandemic in order to meet booming demand. The company, owned by Very Group, added 77 new beauty and personal care brands since January 2020, bringing its total to 159. “The pandemic created huge interest in self-care and...

Business

Very launches stockless fulfilment with Quiz

British online retailer Very has launched a stockless fulfilment model with fashion brand Quiz. Quiz had previously worked with Very on a wholesale basis, and said it saw a “strong customer reaction” to its presence at the retailer. Based on that success, Quiz has now become one of the first brands to partner with Very via its new stockless...

Business

Very Group streamlines category teams, two directors exit

The Very Group has reshuffled its category teams, which includes the departure of two category directors. The British retail group has consolidated its four existing category teams - fashion, electrical, developing categories and home - into just two, Retail Week reports. Retail commercial director Sam Wright will head the newly formed fashion,...

BusinessFeatured

Very Group Christmas sales grow, appoints new chair

The Very Group which operates digital retailer Very.co.uk reported retail sales growth of 21.9 percent with double-digit growth across all four key product categories. Electrical sales rose 28.2 percent, home, 24.5 percent, fashion & sports were up 17.7 percent and developing categories grew 12.2 percent. The group has also announced the...

BusinessFeatured

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...

Business

Very launches stockless fulfilment with Adidas and Reebok

British online retailer Very has launched a stockless fulfilment model with sportswear giants Adidas and Reebok, which it says has immediately doubled the number of products the brands can make available to customers. The integration means some products will be shipped directly from Adidas and Reebok to Very customers, and represents the...

BusinessFeatured

Very Group reports record full-year revenue as profits grow

The Very Group has reported record full-year sales driven by strong revenue at its namesake Very brand. Group revenue grew 13 percent to a record 2.32 billion pounds in the 12 months to July 3, driven by a 24.9 percent jump in retail sales to 1.54 billion pounds. Very revenue was up 18.2 percent to 1.88 billion pounds. Meanwhile, group profit...

People

Very Group taps former Fenwick CEO as retail managing director

Very Group, the parent company of online retailer Very, has announced the appointment of former Fenwick CEO Robbie Feather as its new retail managing director and a member of its executive board. He replaces Sam Perkins, who will step down at the end of the year after seven years at the business. Feather was at the helm of British luxury...