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
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 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Textiles | On 8th Dec 2016

Indonesia may ease procedures for raw material import

In order to boost the competitiveness of the domestic textile...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Kevin Nelson

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search