Home / Knowledge / News / Apparel/Garments / Shop Direct posts first pre-tax profit in 10 years
Shop Direct posts first pre-tax profit in 10 years
30
Oct '13
Shop Direct, the UK’s leading multi-brand online retailer, with digital department stores including Very.co.uk, Littlewoods.com and isme.com, announces its full-year results for the 12-month period to 30th June 2013. In particular, the company is pleased to report pre-tax profit of £6.6 million, its first in 10 years.

Financial highlights

- Group sales up 1% to £1.69 billion (2012: £1.67 billion)

- Newer brands Very.co.uk and isme.com, the future growth drivers of the business, delivered a combined sales increase of 18%

-  Sales decrease within heritage brands Littlewoods.com and KandCo.com limited to a combined 7% and profitability maintained, as a result of effective management

- EBITDA growth of 22% to £132.5 million (2012: £108.9 million)

- Exceptional costs reduced to £8.4 million (2012: £46.2 million)

- Pre-tax profit of £6.6 million (2012: -£57.7 million)

Digital progress

- 78% of sales completed online during the year (2012: 75%) – up to 81% for Q1 2013/14

- Over a quarter (27%) of all online sales made on mobile devices (2012: 20%) – up to 38% for Q1 2013/14

- Almost half (48%) of customers now browse and shop across more than one device, with 16% using a three-way combination of desktop, tablet and mobile

- Number of catalogues distributed more than halved during the year – to 4 million from 8.2 million in 2012

Operating highlights

- Strong focus on product range development during the year, with big name brands including Lyle & Scott, Hunter, GHD and St Tropez brought on board

- Electrical and seasonal the standout category performers, driven by stellar sales of tablets, computers, small domestic appliances, gifts and beauty products

- Fearne Cotton’s successful collection for Very.co.uk expanded to include furniture and home

- Mark Wright joined Littlewoods.com as the face of own brand menswear range Goodsouls, while brand ambassador Myleene Klass added lingerie and swimwear to her clothing range

- 25.9 million parcels delivered to customers, containing 45.6 million products

- Collect+ network grew to more than 5,250 stores, increasing ease and simplicity of delivery and returns for customers.

Click here to read full results

Shop Direct


Must ReadView All

Textiles | On 16th Aug 2017

USITC to continue investigations on PSF imports

The US International Trade Commission (USITC) has determined that...

Textiles | On 16th Aug 2017

India’s apparel exports stumble in July 2017

Exports of readymade garments (including those made of cotton,...

Apparel/Garments | On 16th Aug 2017

EU displaces Japan as Myanmar’s largest apparel market

After the reinstatement of Generalised Scheme of Preferences (GSP)...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

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

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

August 2017

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
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

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
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

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
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

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
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


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



X