Newspaper article The Journal (Newcastle, England)

Companies Today

Newspaper article The Journal (Newcastle, England)

Companies Today

Article excerpt

VERY GOOD YEAR The owner of home shopping brands Littlewoods.com and Very.co.uk has delivered its third year in a row of record profits, after earlier ditching the 80-year-old Littlewoods catalogue.

Liverpool-based Shop Direct said its pre-tax profits leapt 78% to PS71.7m, as the group drove sales and closed down its smaller websites - Woolworths, K&Co and Isme.

It called time on the Littlewoods catalogue in May after 80 years, as it focused on its two key websites - Littlewoods.com and Very.co.uk The group sent out just 300,000 versions of its final catalogue, down from five million five years ago and 25m a year at its height.

Three years ago, the catalogue accounted for 72% of the group's sales, but now all revenues come through its online operation.

SHOE SALES FALL Discount retailer Shoe Zone has said it expects its full-year sales to fall as it carries out its programme of closing loss-making stores.

The Leicester-based firm said in an update that, despite strong trading in the second half of the year, it expects annual sales will be 3. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.