Findel is understood to be planning to divest two of its home shopping brands, Confetti and I Want One of Those.
The group is examining options for the brands, which could include a sale or management buyout, Retail Week has learnt.
The group’s sports fashion site Kitbag reported stronger sales for the period, up 35%. The combined sales of Kitbag, Confetti and I Want One of Those were up 16%.
It is understood Findel was previously in talks with JD Sports about the sale of Kitbag but that negotiations collapsed after a failure to agree a price.
Findel has been working on cost savings and efficiencies across the business and has already achieved £15m of annualised savings and identified a further £10m of savings.
Findel declined to comment on Confetti and I Want One of Those.