Home / Knowledge / News / Apparel/Garments / Sales up marginally at retailer Shop Direct in FY'12
Sales up marginally at retailer Shop Direct in FY'12
08
Nov '12
Shop Direct Group, the UK’s leading online and home shopping retailer with brands including Very.co.uk, Littlewoods and isme, announces its full-year results for the 12-month period to 30th June 2012.

Financial Performance – all comparators are 12 months to 30th June 2011

  • Group sales (excl. VAT) up 0.4% to £1,670m (2011 £1,664m)
  • EBITDA increased by 66% to £108.9m (2011 £65.8m)
  • Pre-tax losses narrowed by 27% to £57.7m (2011 £78.9m)
  • Exceptional costs of £46.2m incurred +72% (2011 £26.9m)

Mark McMenemy, Group Finance & Product Director, said: “Despite the economic challenges, Shop Direct delivered a strong performance in 2011/12. We grew sales slightly despite increased pressures on customers, which demonstrate clearly the broad appeal of our brand, product and financial services offerings. By maintaining a clear focus on stock control, cash management and efficiency, we also ensured that we were able to mitigate the impact of increased promotional activity and significantly improve EBITDA performance during the year.”

Operational Highlights

  • Strong focus on efficiency, stock control and cash management
  • Online growth of 6%, with 75% of total sales completed online during the year
  • Continued double-digit growth of Very.co.uk and isme, buoyed by investment in own-brand labels and expansion of national brand portfolio

Current Overview

  • Mobile transactions comprise 20% of all online sales with traffic up by 260% year-on-year and now comprising 30% of all website visits
  • Collect+ network extended to 5,000 local stores, offering free next-day delivery and returns
  • Myleene Klass fashion collection becomes the Group’s fastest-ever selling celebrity range

Alex Baldock, Group Chief Executive Officer, said: “At Shop Direct, we provide a winning combination of fantastic products, value for money and accessible finance.  These are great foundations to build on to create a best-in-class digital department store.

“One of the biggest opportunities we see is the increased customer demand for m-commerce, where we have real expertise.  A third of our website traffic is now generated from mobile devices and that figure continues to grow rapidly across all of our brands. Looking ahead, we will start to see real incremental growth in sales from mobile as we continue to draw on our unparalleled knowledge of customer needs and shopping habits.

“In the short term, we’re focused on delivering a superb Christmas. For the second year in a row, we expect tablet computers to be among our bestselling performers. And we’ve invested heavily in seasonal marketing, which is producing excellent results.”

Shop Direct Group is one of the UK’s leading online and home shopping retailers, with annual sales of £1.7 billion. Our brands include Very.co.uk, Littlewoods and isme and receive a total of more than 600,000 website visits every day.

Shop Direct Group


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search