Revenues at the group have topped £2bn for the first time.
Retail sales on very.co.uk increased by 10.5 per cent which saw the group, which owns very.co.uk and littlewoods.com saw their revenue grow 2.9 per cent to £2.051bn. During the same period, the group saw their customers grow by 10.6 per cent to 4.5M.
Henry Birch, Chief Executive Officer at The Very Group, commented: “I am delighted to announce a strong set of results and a return to profitability in FY20 thanks to the combination of the commitment of our people and our flexible and resilient business model. Despite the unprecedented challenge of the pandemic, the business has proven its adaptability yet again. We delivered for record levels of new customers, who used the Very app for items to entertain their families and improve their homes, and increasingly valued our flexible ways to spread the cost.”
