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Very Group profits rise despite sales dip

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October 24, 2025

Very and Littlewoods owner The Very Group said the year to the end of June saw “significant earnings growth, driven by a strong performance from both the retail and financial services businesses and diligent cost discipline across the group”.

Very Group

It meant the company saw an increase in adjusted earnings before interest, taxes, depreciation and amortisation of 15.9% to £307.1 million and an adjusted EBITDA margin that rose to 14.7% from 12.5%. That was the highest earnings margin it has ever achieved.

Not that all the figures headed upwards. The company said Very UK revenue “was broadly stable, with a slight decline” of 0.2% to £1.83 billion, while group revenue fell 1.8% to £2.09 billion, “reflecting a focus on profitability over volume in a challenging retail market”. It didn’t give details for the legacy Littlewoods operation.

But the group gross margin grew 1% in the year to 36.6% reflecting a strong [financial services] performance and the changes to the retail sales mix, notably through the increase in higher-margin Home sales”.

But despite Home doing well, Fashion and Sports declined 3.7% “in a heavily discounted and challenging market”. And its overall small sales decline came despite Very continuing to expand its brand portfolio, “adding leading names [sport] such as New Balance, Decathlon and Sweaty Betty”. But Beauty increased by 5.2%, “following significant targeted investment”.

CEO Robbie Feather said: “FY25 was a year of real progress for Very. As a multi-category digital retailer and flexible payments provider, we have a unique business model which continues to resonate with the families we serve. [We] achieve[d] our best-ever customer satisfaction score.

“Despite a challenging economic backdrop, we’re delighted with our performance, driven by our focus on improving all aspects of our offer and customer experience. We ensured we had the right products at the right time, at the right prices, and with the right payment options. Together with disciplined cost control we were able to deliver significant earnings growth across the year.

“We also made strong progress against our strategic priorities, completing key milestones in our technology transformation and upgrades to our apps and websites, relaunching Very’s retail media proposition, and launching HelloStudio, our in-house creative agency.”

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Matalan says revamped store see higher sales, names director of international

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December 8, 2025

Matalan’s store refresh programme is clearly having an impact with the retailer saying in an update on Monday that the customer response is exceeding its expectations, as well as announcing the arrival of a new director of international.

Matalan

It has completed all 30 of the 2025 planned revamps within the year, as part of its £25 million investment in its physical estate that’s intended to drive the business’s transformation.

And it’s clearly worth the money as the refreshed stores are generating higher footfall and are outperforming the wider estate by 14% in terms of sales, “well ahead of expectations, with customer satisfaction scores up significantly”.

It means the company is now planning to accelerate the number of refits next year to 40, which is 10 more than it had planned.

Updates to the stores include simplified layouts and better signage, with fitting rooms and tills relocated to central, more accessible areas. There are also plans to roll out new self-service tills early next year, as well as  self-serve click & collect.

The interiors are also “brighter and more inviting interiors, thanks to upgraded LED lighting and expanded visual merchandising, all spearheaded by Matalan’s newly appointed head of VM, Fran Theanne”. 

And it’s been investing in car parks, new signage and improved external lighting to increase visibility on retail parks as well.

Plus many of the refreshed stores feature new concession partnerships to complement the retailer’s own “newly elevated core ranges”. Those partnerships include womenswear brands Little Mistress, Blue Vanilla and Quiz, with others to follow.

Matalan

As mentioned, the store investment programme is costing the company £25 million. It will renew its entire estate with the programme running for three to five years, although the speed seen so far suggests it could be at the lower end of that timescale. 

Chief retail officer Katherine Davis said: “We’re listening and investing in what matters most to our customers. The results speak for themselves – higher footfall, happier shoppers . This all ladders up to delivering a better experience for our customers – as well as our colleagues on the shop floor – and winning market share, which is central to our ambitious business transformation.”

Meanwhile, Steve Ridehalgh has joined as director of international, reporting to Davis.

He’ll be responsible for the business’s international growth strategy as part of the second phase of its turnaround. That means a focus on opening new markets and building franchise partnerships.

He joins with significant experience in overseas expansion and franchise development, having been responsible for the global expansion of Oasis and Warehouse. He was most recently franchise director at Debenhams and then partner at PartnerWise Franchise, advising retailers on global strategy.

He began his career with Alshaya Group in Saudi Arabia and then oversaw international ops at BHS.

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Skechers partners with Mohammed Siraj and Alaya F to launch ‘Go Walk’ collection in India

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December 8, 2025

Footwear brand Skechers has partnered with Indian cricketer Mohammed Siraj and Bollywood actress Alaya F to launch its ‘Go Walk’ collection in India and position its footwear alongside healthy living.

Indian cricketer Mohammed Siraj and Bollywood actress Alaya F for Skechers – Skechers

 
“Go Walk embodies what Skechers stands for- effortless comfort, innovative design, and contemporary style,” said Skechers South Asia’s CEO Rahul Vira in a press release. “The collection ensures that walking feels natural, energising, and enjoyable, turning a daily activity into a lifestyle experience. With talents like Mohammed Siraj and Alaya, we aim to inspire consumers to embrace walking as an empowering, stylish, and mindful way to move- because at Skechers, we define comfort.”
 
The Go Walk collection features adaptive midsole technology, shock-absorbing soles, breathable materials, and a lightweight construction, designed to make walking easy and fun. The campaign highlights walking as an integral part of everyday life and harnesses its campaign stars’ pan-India popularity to promote healthy living along with its sneaker collection.

“Performance matters on the field and off it,” said Mohammed Siraj. “Go Walk delivers lightweight comfort, adaptive cushioning, and responsive soles that keep my feet energised and perfectly supported, whether I’m training, traveling, or spending time with family. Every step feels smooth and natural, giving me that effortless sensation. Every step feels natural- its comfort defined.”
 
Skechers South Asia is a subsidiary of Skechers U.S.A., which is based in Southern California and caters to men, women and children. Retailing in 180 countries and territories through department and specialty stores, the brand manages its global business through a network of wholly owned subsidiaries, joint venture partners, and distributors. 
 
“As someone constantly on the move, I need footwear that keeps up with my pace and energy, said Alaya F. “Go Walk goes beyond ordinary shoes- the advanced cushioning, responsive soles, and lightweight design make every step feel effortless, whether I’m shooting long hours on set, traveling, or enjoying a casual day out. It’s not just comfortable, it’s empowering.”

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Zimmermann makes Mexico debut with boutique in Los Cabos

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December 8, 2025

Australian label Zimmermann has announced the opening of its first boutique in Mexico, at the newly inaugurated Ánima Village in Los Cabos. The brand’s arrival marks a significant step in its international expansion and its official debut in Latin America.

Zimmermann arrives in Mexico with a boutique in Los Cabos – Cortesía

“It’s incredibly exciting to open our first boutique in Mexico. I’ve always really enjoyed spending time there, so finally being able to open a store is a great achievement for us,” said Nicky Zimmermann, creative director and co-founder of the Australian house.

The designer added that Los Cabos represents an ideal setting for the brand and that the new boutique seeks to reflect the destination’s vibrant energy. She noted that the space was conceived as an immersive experience designed to showcase the aesthetic and artisanal sensibility that characterises Zimmermann.

The architectural project was led by Studio McQualter, which opted for complete integration with the Ánima Village setting.

The façade combines brick, concrete, and wood, accompanied by naturalistic landscaping that echoes the design of the complex. Brass handles, a recurring signature of the brand, highlight the entrance to a space devised to offer an experience in keeping with the Zimmermann universe.

The interior features a mix of vintage pieces, contemporary art, and considered finishes, set beneath lofty ceilings and white plaster-textured walls. A Murano-glass wall stands out alongside a table by Afra and Tobia Scarpa, while a work by Barbara Kuebel accompanies the presentation of the 2026 cruise ready-to-wear collection.

Zimmermann, accessories area
Zimmermann, accessories area – Cortesía

Works by Australian artists Laith McGregor, Clifford Thompson and Richard Nelson reinforce the house’s connection to its roots. A second space is dedicated to accessories, with walls in shades of pink and a terrazzo floor laid in a green-and-cream chequerboard.

The selection of handbags, scarves, and belts is presented in a lounge with a vaulted ceiling, decorative fireplace, and 1950s furnishings, paired with Eero Saarinen Tulip chairs, all atop a bespoke kilim rug. The boutique, which already carries the aforementioned cruise collection, underscores the growing appeal of Los Cabos to international luxury fashion brands.

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