Pre-tax profits climb 78% to £71m after domestic-shopping group shifts focus to online operationThe owner of domestic-shopping brands Littlewoods and Very has delivered its third consecutive year of record profits after ditching the Littlewoods catalogue. Shop Direct said pre-tax profits leapt 78% to £71.7m after it closed its smaller websites Woolworths,K&Co and Isme. The Liverpool-based group axed the Littlewoods catalogue in May after 80 years to focus on its two key websites, Littlewoods and Very.
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Source: theguardian.com