Festive sales at online retailer Very surpass pre-Covid levels

Strong demand for gaming consoles and Christmas decorations propelled festive sales above their pre-pandemic levels at the owner of Very.co.uk.

The Very Group, which also runs the Littlewoods website, said sales were 21.9pc higher during the seven weeks to Christmas Eve than they had been for the same period in 2019.

It came as the business announced it had drafted in former Walmart executive Dirk Van den Berghe as non-executive chairman to help steer it through the next phase of growth.

Soaring demand for PlayStation 5, Xbox Series X and Nintendo Switch during Black Friday and the subsequent weeks boosted the company’s electrical division, with sales up 28.2pc from before Covid.

This was closely followed by a rise in sales in its home division, up 24.5pc, while sales at its fashion and sportswear arm rose 17.7pc.

Henry Birch, chief executive, said that customers enjoyed a “more ­‘normal’ Christmas” in 2021 after ­Britons’ festivities were derailed a year earlier by lockdown.

He added: “They bought back into fashion, focused on wellness, got their hands on their latest consoles and doubled down on Christmas decorations.”

The retailer, which is owned by the Barclay family, who also own Telegraph Media Group, said it had good stock availability despite global ­supply chain challenges.

Almost 500 shipping containers, holding 2.2m items, arrived directly at the ­company’s warehouse by rail between Sept 1 and Christmas Eve, allowing it to fulfil orders on time, bosses said.

Very posted an 11.5pc increase in total sales, including its credit arm, ­versus two years ago. Compared with the 2020 Christmas period, sales were down 3.3pc.

Related Posts

Without sensations: it became known who will play in the semi-finals of the Conference League

In two matches at once, the semi-finalists were determined in a penalty shootout. The first matches of the Conference League semi-finals will take place on May 2…

China preparing to physically destroy US critical infrastructure, FBI Director

To do this, China plans to use its hacker group, which has already penetrated the computer networks of US infrastructure companies, the FBI says. FBI Director Christopher…

GUR: The enemy has not given up massive missile attacks, weapons are being accumulated

Ukraine is preparing retaliatory measures. The occupiers did not abandon massive missile attacks / screenshot The aggressor country has not given up carrying out massive missile attacks…

The lead singer of the group “Bez Obmezhen” answered why he never performed in Russia: “There are two reasons”

Sergei Tanchinets shared that he had never even paid attention to Russia. Sergey Tanchinets emphasized that the group did not make content for Russians / Screenshot of…

A German drone manufacturer has opened another plant in Ukraine

Vector reconnaissance drones developed by Quantum-Systems have been in use by the Defense Forces since May 2022. A German company has opened a UAV production plant in…

Named after Monica Bellucci: Azov fighters showed the work of the M109L self-propelled guns at the front

The country of origin and “year of birth” of the self-propelled gun are the same as that of the actress Monica Bellucci, in whose honor the “Azovites”…

Leave a Reply

Your email address will not be published. Required fields are marked *