Tag: the hut.com

The Hut Group Helps Bring Woolworths Back Online

Woolworths has selected e-commerce white label specialist, The Hut Group, to run its entertainment shop as part of its online re-launch. The Hut Group will manage the section of the new Woolworths site dedicated to entertainment products woolworthsentertainment.co.uk, ensuring customers receive games, DVDs, CDs, Blu Ray and books at competitive prices, all with free UK delivery.

The Woolworths brand*, bought by Shop Direct owners the Barclay brothers earlier this year, will not re-open its stores and has instead embraced an online business strategy. Woolworths’ online-only product range moves the business away from general merchandise and homeware to concentrate on entertainment products, children’s clothes and gifts, and its Ladybird clothing range.

Matthew Moulding, CEO at The Hut Group, says, “Woolworths is an established brand that is recognised throughout Britain. This year marks Woolworths’ 100th year in the retail industry, so we’re proud to be part of the brand’s revival and enable the business to offer the products that it is famous for. Our white label service will ensure Woolworths provides an excellent customer experience, from searching and browsing for products to the physical delivery of goods.”

The Hut Group offers retailers an end-to-end e-commerce solution that delivers a fully managed service with the technology to provide a reliable transactional website for any online retail operation.

* Woolworths is a trading name of Shop Direct Home Shopping Limited. The Woolworths and Ladybird brands run alongside Shop Direct Group’s other brands, including Littlewoods, Empire and Great Universal.

The Hut acquires Zavvi.com

The Hut Group is today announcing the acquisition of Zavvi, the movie, games and music retailer. Part of the acquisition sees the business taking ownership of www.zavvi.co.uk, which re-launches today.

Clearwater Corporate Finance advised The Hut Group on the deal, which will see the creation of up to 100 jobs over the next 12 months at their head office in Northwich, Cheshire, where the company also runs thehut.com.

The new Zavvi website will offer consumers a much broader range of entertainment products as well as a new range of lifestyle products, including electricals, computing & perfumes. Zavvi.co.uk will be driven by a major focus on delivering exceptional customer service and product availability at much lower price points than previously on offer. Free delivery will be standard on all products sold on the Zavvi website. Today’s launch of Zavvi.co.uk will be supported by an extra 10 percent discount on all products until midnight on Friday 6 March.

Matthew Moulding, CEO of The Hut Group, comments, “Zavvi is a major player in entertainment retail, both in the UK and Ireland. Our aim is to capitalise on this well recognised high street brand and transform the business into a leading class online retailer, not only in entertainment, but also across lifestyle products. The new discounted price points, supported by significant future investment in customer-driven functionality improvements, should enable us to create an exciting online retailer.

“The team is excited about the opportunities this acquisition presents and the growth plans across The Group will be supported by our continuing drive to add talented new members to the team across most disciplines.”

The Group anticipates achieving sales of more than £75 million in 2009, having achieved a turnover of £25 million in 2008. The Hut Group currently employs over 100 people.

Carl Houghton, partner with Clearwater Corporate Finance added; “The Hut Group is a welcome bright spot amidst the doom and gloom in the retail sector. Through mergers and acquisitions, The Hut Group intends to push into further categories and is a transformational partner for good but subscale B2C e-commerce businesses.”

Northwest firms perform strongly on national technology league table

Online retailer TheHut.com tops this year’s list of technology companies in the Northwest, and is ranked No 18 in Britain, according to the latest Sunday Times Microsoft Tech Track 100 league table published this weekend.

Now in its seventh year, the annual league table ranks Britain’s one hundred fastest- growing, private technology companies by their sales growth over a two-year period, according to their latest available accounts. The majority (75) of companies on the table were in profit.

Seven businesses in the region (compared with 11 last year) have won places on this year’s listing. Each of these companies has made a substantial contribution to the local economy. Together they employ 878 staff and have racked up combined sales of £84m.

Based in Northwich, Cheshire, TheHut.com (No 18) runs its own website selling home entertainment products, such as books, DVDs and games. Founded only three years ago by Matthew Moulding and John Gallemore, the company’s sales soared an average of 187% a year from £692,000 in 2005 to £5.7m in 2007.