Financial Performance – all comparators are 12 months to 30th June 2011
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.”
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
Textiles | On 29th May 2017
The special garment package of Rs 6,000 crore that was introduced by...
Textiles | On 29th May 2017
The textile company Tintex has joined hands with the system supplier...
The S Studio
Ethnicwear market will see an upward trend if uniqueness and quality are...
GST will certainly reduce a lot of paperwork in future
Surat dominates foiling, embossing and pleating
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
"Now we can see the Russian trend in international fashion. And Russian...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Apparel/Garments | On 26th May 2017