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 its online customer experience through the early adoption of personalisation and AI. Retail Week provides news, analysis, features and opinion about The Very Group and the online retail sector.
Chinese retailer JD.com is considering a potential £2bn bid for The Very Group as it looks to grow its foothold in the UK.
The Very Group saw its losses deepen during its third quarter and sales remained flat, despite a strong performance in its high-margin home category.
Fast-growing home and furniture retailer Dusk has launched on Very.
In a surprise announcement last week, the Currys board revealed that its chief executive of eight years, Alex Baldock, has decided to leave the business to take on a new external position
The Very Group has extended and renewed its key debt facilities to secure long-term funding to power the business.
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