The Very Group operates Littlewoods and Very as digital-only, finance-centric retailers. It covers most product categories from fashion to electricals and homeware. Originally conceived as a catalogue retailer under the name Shop Direct, it stopped the presses in 2015 to focus on improving its online customer experience through the early adoption of personalisation and artificial intelligence. Elsewhere, the retailer runs logistics firms Yodel, Arrow XL and Collect+ and has invested heavily in its supply chain to consolidate its disparate fulfilment centres into one automated site. More recently, The Very Group was plagued with soaring PPI reparation costs, which cast doubt on its ability to continue trading, although it has since received additional funding to cover its liabilities.
New interviews with 50 UK retail leaders uncover the transformative tech they believe businesses must invest in to stay competitive
The Retail Week analyst team predicts the UK health and beauty market will grow at a compound annual growth rate (CAGR) of 3.9% to 2026/27 as retailers fight to gain market share in this lucrative category.
As footfall shows little signs of improving this year and ecommerce sales growth slows, retailers are turning to advanced technologies such as augmented reality (AR) to improve their offering to consumers
Online retailer Very is set to transform its product discovery experience for customers through AI and machine learning.
The Very Group has promoted chief financial officer Ben Fletcher to the newly created role of chief finance and transformation officer with immediate effect.
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