Online retail giant Very Group could be the next big name in line for an IPO with a report that its owners, who also own the Telegraph newspaper, are exploring the potential of a £3 billion+ stock market float.
Seasalt saw its sales jumping during the festive season even though it endured a 44% fall in sales through physical shops. Fortunately, its webstore easily made up for the shortfall with a 95% increase.
N Brown may have moved to an online focus in recent years, but unlike some other pureplay retailers, it didn’t have such a good autumn and festive season. Yet despite sales falls, there are signs it’s on the right track
E-tailer Very Group has reported a buoyant set of figures for its festive period with the seven weeks to Christmas seeing group revenue up 15.3% year-on-year. It surpassed £500 million for the period for the first time.
Consumer spending fell 2.3% year-on-year in December as areas moving into higher tiers, and reimposed lockdowns, dented the kind of activity usually seen in the festive season. But online was a bright spot.