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Very (also known as Very.co.uk or Very.ie) is a British online retailer with headquarters in Speke, Liverpool. The brand was launched in the UK in July 2009 as part of the Shop Direct Group (now The Very Group). Very had formerly been known as Littlewoods Direct, and formerly Woolworths.co.uk.
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
The group is now amongst the largest online retailers in the UK, with annual sales of £2.13bn for the year to June 2024, and EBITDA up 8.4% to £267m [7] The group's brands are Very.co.uk, Littlewoods.com, Very Exclusive and Very Ireland (rebranded from 'Littlewoods Ireland' in July 2022). [8]
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When customers are told that the reason for a price reduction is a stock clearance, they find this less attractive than other explanations such as a volume discount. [1] This is because they suspect that the stock clearance indicates that the products are of poor quality. There are a number of companies that specialise in stock clearance.
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