After a busy Christmas trading period for many retailers, now comes the downside. It’s that time of year when unwanted gifts are being returned, and this year’s tally could add up to £3.2 billion, says ParcelHero.
Second-hand fashion specialist Re-Fashion is to debut in Ireland in a new collaboration with Littlewoods to widen its drive to end landfill clothing waste. It’s UK-based Re-Fashion’s first international move.
Online retail giant Very Group could be the next big name in line for an IPO with a report that its owners, who also own the Telegraph newspaper, are exploring the potential of a £3 billion+ stock market float.
E-tailer Very Group has reported a buoyant set of figures for its festive period with the seven weeks to Christmas seeing group revenue up 15.3% year-on-year. It surpassed £500 million for the period for the first time.