All Very Group articles – Page 7
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NewsShop Direct secures funding from Barclay brothers
Shop Direct has secured £150m of additional funding from its parent company to plug a gap in equity triggered by an unexpected surge in PPI claims earlier this year.
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OpinionMove of the Week: Shop Direct CFO can mark start of new era
Ben Fletcher would be well advised to make the most of his Christmas break. When Shop Direct’s new group chief financial officer joins in January he faces being thrust into a business still suffering the effects of a PPI-induced financial shock that has escalated to the point where it pushed 2018/19 profits significantly into the red.
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OpinionOpinion: The time isn’t right to sell Shop Direct
Shop Direct owners the Barclay family are understood to have kicked off a review of their business empire, raising questions about the etailer’s future ownership.
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NewsShop Direct closes in on £150m financing deal
Shop Direct owners the Barclay family are on the cusp of agreeing a £150m refinancing deal to shore up the online retailer’s balance sheet.
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NewsShop Direct raids Clarks for new chief financial officer
Shop Direct has poached former Clarks European president Ben Fletcher as its new group chief financial officer.
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NewsShop Direct owners Barclay family consider sale
Shop Direct could be sold off by its owners the Barclay family as part of a wide-ranging review of its stable of British investments.
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NewsShop Direct losses spiral as PPI claims hit bottom line
Shop Direct has suffered widening pre-tax losses despite increased sales following an “unexpected surge” in PPI claims.
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NewsShop Direct moves Littlewoods campaign spend to digital-only
Shop Direct has launched an online-only advertising campaign for Littlewoods.
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VideoShop Direct tech boss on transforming the business with ‘agile squads’
Andy Burton, group chief technology officer at Shop Direct, tells us how the online retailer is becoming more agile and innovative in how it works, how to get staff to buy in, and what retail has in common with the gambling industry.
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OpinionOpinion: How Shop Direct is becoming an agile retailer
Over the last 15 years, Shop Direct has transformed from a catalogue-led business with high street stores into one of the UK’s largest pureplay digital retailers.
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NewsShop Direct to sell Topshop lines for first time
Arcadia and Shop Direct have reached an agreement whereby the digital retailer will stock both Topshop and Topman products on its ecommerce sites for the first time.
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NewsShop Direct poaches Boots exec for trading director role
Shop Direct has snapped up Boots own-brand boss Guy Farmer to helm the etail group’s trading division.
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NewsShop Direct launches agile customer service innovation team
Shop Direct has appointed a specialist, 20-strong team of advisers to help drive innovations across its customer service division.
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NewsShop Direct transfers returns centre to logistics provider
Shop Direct will be transferring its Greater Manchester returns and fulfilment centre to Clipper Logistics, ahead of plans to shut three of its sites by 2020.
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NewsShop Direct to rebrand as Very, boss Birch reveals
Shop Direct will rebrand to The Very Group later this year to better reflect its powerhouse division, boss Henry Birch revealed at Retail Week Live.
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AnalysisAnalysis: Can retailers survive the rise of direct to consumer?
Brands are increasingly cutting out the retail middlemen and selling direct to the consumer. How can retailers survive this growing retail phenomenon?
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OpinionMove of the Week: Shop Direct's big tech bet
Henry Birch is taking a punt that Andy Burton is the heavy hitter he has been looking for to continue to transform Shop Direct’s technology capabilities.
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NewsShop Direct hires former Sky Betting CTO
Shop Direct has hired the former chief technology officer of Sky Betting & Gaming into the same role.
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NewsShop Direct consults 225 staff over job cuts
Shop Direct has kicked off a consultation with more than 200 workers amid proposals to merge existing roles across the business, Retail Week can reveal.
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NewsShop Direct to focus on fashion to drive sales, says Birch
Shop Direct boss Henry Birch says the retailer’s record Christmas performance was delivered by honing the etailer’s fashion offer and sidestepping an “electricals price war”.
