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
| On 23rd Jun 2021
The Bangladesh Garment Manufacturers and Exporters Association...
| On 23rd Jun 2021
US’ clothing firm PVH Corp has entered into a definitive agreement to ...
Italian fashion companies Prada Group and Ermenegildo Zegna Group...
Value of 'Made in India' should get more importance
Multi-functional garments will be next big thing
Uniform designing is a numbers game
Headquartered in Apt, South of France, Delta Plus designs, manufactures...
UK based Amba Projex Ltd designs, manufactures, and installs industrial...
The Riri Group is a one-stop supplier of metal accessories for the luxury...
Bebop Sensors' smart fabrics allows for a new level of interaction between ...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Dr Anup Rakshit
The Indian Technical Textile Association (ITTA) is the only association of ...
Label Archana Jaju
<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.