Tag: thehutgroup

The Hut Group appoints Richard Pennycook as Non-Executive Director

The Hut Group Limited (‘The Hut’ or ‘the Group’), one of Europe’s fastest growing online retailers and brand owners, is pleased to announce that Richard Pennycook has been appointed to the Board as a Non-Executive Director with immediate effect.

Richard is currently Group Finance Director of WM Morrison Supermarkets PLC (‘Morrisons’) and his vast range of retail experience as both CEO and CFO is highly complementary to the Group. Earlier this year Richard announced he would leave Morrisons at the end of June 2013 to concentrate on building a portfolio career.

Angus Monro, Chairman of The Hut Group, said: “We are thrilled that Richard is joining our Board. He is one of the most respected retailers in the UK and his wealth of experience will be invaluable as we continue to build the Group into a major global ecommerce player.”

Richard Pennycook commented: “I have built a close relationship with Matt, John and the team for a number of years and I have been very impressed with the progress and growth which they continue to deliver. The Group operates a compelling and disruptive business model with tremendous growth opportunities. I am delighted to become part of such an enthusiastic, skilled and professional team and look forward to contributing to The Hut’s future development.”

Enquiries: Hudson Sandler, Andrew Leach / Alex Brennan

Tel: 0207 796 4133

Notes to Editors:

Richard Pennycook

A chartered accountant and graduate of Bristol University, Richard joined the Board of Morrisons as Group Finance Director in October 2005 with responsibility for finance, IT, strategy and multichannel development. Prior to joining Morrisons, Richard was the Group Finance Director of RAC Plc, the quoted specialist motoring and vehicle management company. Previous senior roles include Group Finance Director of HP Bulmer Holdings Plc, Laura Ashley Plc and JD Wetherspoon Plc and Chief Executive of Welcome Break Holdings Plc. He is also Senior Independent Director and Chairman of the Audit Committee of Persimmon Plc.

About The Hut Group

The Hut Group is a ‘multi-category, multi-website’ specialist on-line retailer and brand owner, selling high repeat purchase goods direct to consumers across the sports nutrition; health and beauty; entertainment; gifting; clothing and accessories markets. In June 2011, the Group launched a new division (Technology Services), focused on the provision of business to business software and ecommerce platform services.

The Hut Group launched its first website in 2004 and now operates 15 individually branded websites across product categories which share specific defining characteristics: non-perishable, high repeat purchase, one-man delivery and low levels of customer returned products.

The Hut Group operates 3 ecommerce divisions:

The Group’s ‘multi-category, multi-website’ ecommercemodel is an evolution to the traditional ‘single’ site ecommerce model, enabling the Group to showcase branded products in bespoke retail environments, as required both by the brands and informed consumers.

The Group’s proprietary technology platform is central to the business model. The platform functionality ranges from the presentational layer through to all back office functions including an in-house data centre, whilst also generating in-depth consumer behavioural insight. The technology platform facilitates highly effective data-driven retailing, manifesting as optimised website content and bespoke marketing content generating high levels of consumer loyalty and cross-selling.

In 2009, The Hut Group was ranked no.1 in the ‘Sunday Times Tech Track 100 of the UK’s fastest growing companies’ and ranked the 3rd fastest growing digital company in Europe at the ‘GP Bullhound Media Momentum Awards’ in May 2010.

For further information, please visit www.www.thg.com

Read more online:

The Hut Group Limited Q1 2012 Trading Update

The Hut Group Continues to Deliver Strong Growth & Agrees a New 3 Year Banking Facility

The Hut Group, one of Europe’s fastest growing online retailers, today reports on continued strong trading for the first three months of 2012.

Financial Highlights:

  • Group revenue* has grown 71%, with growth achieved across each division.
  • Since acquisition in May 2011, Myprotein.com has increased revenue growth from 45% to 87% in Q1 2012.
  • The Group delivered strong organic growth within the Prestige and Consumer divisions.
  • The Group’s Prestige division, including lookfantastic.com, consolidated its market leading position with revenue growth across both its female and male Health and Beauty sites.
  • HQ Hair and Mankind delivered revenue growth of 30% in 2012.
  • Within the Consumer Division, Zavvi delivered 33% Entertainment revenue growth, outperforming a declining Entertainment market.

*(excluding discontinued 3rd party website sales)

Operational Highlights:

  • Since 2010, the Group has been delivering a strategy of diversifying its category and customer mix and consequently, generating more profitable revenue growth.
  • In line with this strategy, the Group: completed its withdrawal in 2011 from White Label operations, which accounted for 40% of Group revenues in 2009; has substantially diversified sales into new high margin categories, reducing reliance on Entertainment revenues from 100% of Group revenues in 2009 to 35% in 2012; and has withdrawn from the Music and Books categories in early 2012.
  • Over the past two years sales have trebled whilst the Group has implemented this strategy.
  • The Group has invested significantly to increase the efficiency and scale of its UK warehouse operations, increasing from 110,000 sq. ft. to 315,000 sq. ft.
  • The Group is launching Myvitamins.com in Q3 2012, to broaden the Lifestyle Division’s product offering and to reach a broader demographic.
  • In May 2012, the Group renewed and extended its banking facilities with Barclays.
  • Angus Monro, Chairman, commented: “The business consistently delivers market leading revenue and earnings growth period after period. Matt Moulding and John Gallemore have built a team which has developed the sector’s leading proprietary technology platform, grown UK and international customers to in excess of 6 million and which is delivering growth across each of its categories. The Group’s business model is very well positioned as it continues to reduce the mix of Entertainment by growing higher margin category sales, particularly against the backdrop of a challenging High Street environment and the continuing sales channel shift online.”

Notes to Editors:

About The Hut Group

Founded in 2004 and based in Northwich Cheshire, The Hut Group is an online retailer focused on fast moving consumer goods including health and beauty; sports nutrition; gifting; clothing; handbags; footwear; and entertainment.

The Hut Group retails

direct

to consumers through its own websites across 4 divisions:

  • Consumer Division including TheHut.com, Zavvi.com, Iwantoneofthose.com, Allsole.com and MyBag.com.
  • Lifestyle Division including Myprotein.com and Myvitamins.com (launching in Q3 2012).
  • Prestige Division including Lookfantastic.com, Mankind.co.uk and HQHair.com.
  • Technology Services providing contractual ecommerce technology services to 3rd parties.

In 2009, The Hut Group was ranked no.1 in the ‘Sunday Times Tech Track 100 of the UK’s fastest growing companies’ and ranked the 3rd fastest growing digital company in Europe at the ‘GP Bullhound Media Momentum Awards’ in May 2010.

For further information, please visit www.www.thg.com

Please find below a list of websites owned by The Hut Group. For more information please visit their websites.

The Hut Group Limited 2011 Trading Update

The Hut Group Delivers Strong Growth in 2011

The Hut Group, one of Europe’s fastest growing online retailers, today reports on trading for the 12 months ended 31 December 2011.

Financial Highlights:

  • Group sales growth of 70% from £84m to £143m in 2011.
  • 92% of combined Group sales were generated through the Group’s own sites, with the balance of revenues generated from services delivered to major retail partners.
  • International sales now account for 35% of total sales.

Operational Highlights:

  • The Group continues successfully to execute its strategy of retailing fast moving consumer goods across its multiple branded websites, powered by its proprietary technology.
  • 78m visits to Group websites during the year.
  • Acquired MyProtein.com in May 2011, which contributed £16m to Group sales in the seven months post acquisition.
  • 134 NVQ apprentices trained in operations across the Group, investing in the young, local workforce whilst creating a recruitment talent pool for the Group.

Matthew Moulding, Chief Executive, commented: “2011 has been another record year for The Hut Group. Our focus on delivering best in class value and service to our UK and international consumers has enabled the Group to gain market share, particularly in the final quarter. Our business model positions us well against the backdrop of a challenging High Street retail environment and the continuing sales channel shift towards online retail and therefore the Group is very well placed to continue its high growth. Our focus for 2012 is on driving strong organic growth by further improving our service to our customers, continuing to expand our product range and increasing our international sales.”

Enquiries:

Hudson Sandler – Tel: 0207 796 4133

Andrew Leach / Kate Hough / Alex Brennan

Notes to Editors:

About The Hut Group

Founded in 2004 and based in Northwich Cheshire, The Hut Group is an online retailer focused on fast moving consumer goods including health and beauty; sports nutrition; gifting; clothing; handbags; footwear; and entertainment.

The Hut Group retails online through its own sites including TheHut.com, Zavvi.com, Myprotein.com, Lookfantastic.com, Iwantoneofthose.com, Gifted.com, Allsole.com, MyBag.co.uk, Washbag.com, Lookmantastic.com, Mankind.co.uk, HQHair.com and sportdiscount.com. In addition, it delivers technology services (e.g. loyalty reward schemes) for blue-chip retail partners such as DMGT (The Daily Mail).

In September 2009, The Hut Group was ranked no.1 in the ‘Sunday Times Tech Track 100 of the UK’s fastest growing companies’ and ranked the 3rd fastest growing digital company in Europe at the ‘GP Bullhound Media Momentum Awards’ in May 2010.

For further information, please visit www.www.thg.com

Please find below a list of websites owned by The Hut Group. For more information please visit their websites.

The Hut Group Adds Muscle With The Acquisition Of Myprotein.com

The Hut Group today announces its entry into the fast growing sports nutrition market with the acquisition of the UK’s leading online retailer in the category, Myprotein.com.

The Hut Group’s (“The Hut”) addition of Myprotein.com (“Myprotein”) further broadens its Health & Beauty offering while providing Myprotein with access to both The Hut’s highly regarded technology platform and its 6m customer database.

Myprotein, founded by Chief Executive Officer Oliver Cookson in 2004, operates through sites in the UK, France, Italy, Germany, Ireland and Spain, markets in which The Hut has a strong presence.

The deal follows The Hut’s proven strategy of using its best in class technology platform to operate multiple branded websites focused on selling fast moving consumer goods with high levels of repeat purchase. The deal also complements The Hut’s

market leading male style and grooming website, mankind.co.uk, and provides opportunities to build on The Hut’s success in cross-marketing to its customers across all of its websites.

These sites include TheHut.com, lookfantastic.com, IWantOneOfThose.com Mankind.co.uk and Zavvi.com and are supported by the Group’s own end-to-end technology and operating platform.

Following the deal, Mr Cookson will join the Group as a Board Director and head The Hut’s enlarged Lifestyle Division.

 

Matthew Moulding, founder and CEO of The Hut Group, commented: “Myprotein.com is an outstanding business which we are delighted to welcome to the Group. Opportunities to partner with businesses

of the scale of Myprotein that are continuing to grow rapidly in 2011 are few and far between, especially in this economic climate. It’s also a great advantage to be adding both the experience and expertise of Oliver Cookson, as well as the talented management team that have helped deliver such an impressive market position across Europe.

The addition of Myprotein to The Hut’s operating platform is another milestone in our ambitions to become one of Europe’s leading online players. The team at The Hut are looking forward to working together with Oliver in further developing and delivering Myprotein’s international growth plans.”

Oliver Cookson, founder and CEO of Myprotein, said: “I have immensely enjoyed the journey of helping to build Myprotein into the market leading business it is today and I am truly excited at the prospect of joining forces with The Hut Group, which is a business I have admired for a number of years. Myprotein’s range of award winning products coupled with The Hut’s leading technology platform and expansive customer base will help take Myprotein a step closer to becoming Europe’s leading sports nutrition brand.

I would like to take this opportunity to thank all of the management and employees who have helped achieve what is a great growth story. However, for them and for me, this isn’t the end of the journey, it is the start of a new and what I am sure will be an equally, if not more, exciting one.”

The Hut’s legal adviser on the deal were Gateley’s, led by partner Paul Jefferson & supported by Jemma Bolton. The Hut team comprised Steven Whitehead, James Pochin and Darren Rajanah. Myprotein was advised by the Manchester office of Altium Capital, the team comprising Simon Lord, Andy Clarke and Phil Frame. Mr Cookson was advised by Addleshaw Goddard, led by partner Jim Tully and supported by Duncan Wilson.

ENQUIRIES:

Hudson Sandler Andrew Hayes/Andrew Leach/Kate Hough Tel: 020 7796 4133

Notes to the editor:

About The Hut Group

The Hut is the UK’s leading multi-product, multi-website online retailer with rapidly growing international operations. Founded in 2004 by CEO Matthew Moulding, it is focused on selling fast moving consumer goods that are non-perishable with high levels of repeat purchase. Products span health and beauty, gifting, entertainment, fashion, bags and footwear.

The Hut has developed its own best in class end-to-end technology platform supporting its multiple websites including:

TheHut.com lookfantastic.com Zavvi.com Mankind.co.uk Gifted.com IWantOneOfThose.com MyBag.co.uk MyLabel.co.uk AllSole.com HQhair.com

The Hut Group’s Sarah Jasper appointed as Head of Business Development

Jasper, who joined The Hut Group in Summer 2009 as Product Marketing Manager for Games after 8 years of Marketing and PR experience, will be recruiting 2 new product marketers, and together they will be responsible for The Hut Group’s revenue expansion through existing supplier and agency relationships, as well as emerging channels in all product and media sectors.

“This is an excellent and most welcomed opportunity for me to continue to grow the Games and product marketing category across our portfolio, as well as lead the development in new product sectors like health and beauty, fashion and more. My new team means I’ll have the resource to find more on-pack and promotional deals with mass-market FMCGs and find brands who’d like to engage with our 2.5m active customers directly through our media sales channels” commented, Sarah Jasper

Matt Moulding, The Hut Group’s CEO said, “Sarah has played a pivotal marketing role within our senior team, and has shown the ability to take on a broader senior role in the Group. This role broadens Sarah’s reach across all our product categories with continued development and execution of tactical product planning, as well as multi site brand development.”

The Hut Group, who ranked number 1 in the Sunday Times Tech Track 100 of the UK’s fastest growing companies, delivers online retail solutions across a wide range of product categories including entertainment, gifts, fashion and health & beauty. The Hut Group operates its own websites TheHut.com, Zavvi.com, Gifted.com, Washbag.com and more.

The Hut Group Enters Male Grooming Market with Launch of Washbag.com

The Hut Group today announced its move into the lucrative Male Grooming, Cosmetics and Health & Beauty market with the launch of Washbag.com. The decision follows a successful trial period of retailing a broad range of products on its general retail website, TheHut.com.

Washbag.com

Health & Beauty has been identified as a key market for The Hut Group which intends to deliver a market leading retail proposition across Europe through its own site, Washbag.com.

Washbag.com has been launched today with the clear message of delivering consumers a better experience than currently available online, based around service, experience & value.

Washbag.com will offer Free Delivery as standard, a completely unique offer against existing competitors. The free delivery service is a core value proposition across the portfolio of websites run by The Hut Group.

Using The Hut Group’s existing technology platform, infrastructure and relationships, Washbag.com is expected to become one of the largest online retailers within the Male Grooming market within 12 months.

Results from recent website launches support these ambitious growth plans. MyBag.co.uk was launched 10 weeks ago by The Hut Group and has made a significant impact on the Handbag & Accessories market. Global market intelligence expert, Experian Hitwise, confirmed that MyBag.co.uk has already taken a 10% market share since launch and continues to show rapid growth.

Commercial Director, Richard Chapple, commented: “The Hut Group’s ethos is to deliver market beating service, experience and value to UK & European consumers. The exciting launch of Washbag.com is a further step in our expansion, both organically and through acquisition, in to a broad range of fast moving consumer sectors including Health & Beauty, Sports, Footwear, Fashion and Toys.”

About The Hut Group

Founded in 2004 and based in Northwich Cheshire, The Hut Group is an online retailing platform focused on fast moving consumer goods including Entertainment (Games, DVDs, CDs, Books), Electricals, Health & Beauty, Footwear, Gifting, Accessories, Toys, Underwear & Sports.

The Hut Group retails online through its own sites, including TheHut.com, Zavvi.com and MyBag.co.uk.

In 2009, The Hut Group was ranked no.1 in the ‘Sunday Times Tech Track 100 of the UK’s fastest growing companies’ and ranked the 3rd fastest growing digital company in Europe at the ‘GP Bullhound Media Momentum Awards’ in May 2010.

For further information, please visit THG.com

Please find below a list of websites operated by The Hut Group’s retailing platform. For more information please visit their websites.

TheHut.com, Zavvi.com, MyBag.co.uk, Gifted.com, Washbag.com

The Hut Group enter handbag & fashion accessories market with MyBag.co.uk

Showcasing desirable brands including Mischa Barton, Nica, Ameko, Ri2k and Max C London the boutique will present the latest trends in an accessible, yet aspirational online environment with free delivery on all orders.

Following very successful trading on TheHut.com, handbags and fashion accessories have been identified as a key growth area for The Hut Group which now intends to deliver a market leading retail proposition across Europe through its own site, MyBag.co.uk.

Using The Hut Group’s existing technology platform, infrastructure and relationships, MyBag.co.uk is expected to become a leading handbag and fashion accessories retailer over the next 2 years. Launching today (Thursday 8th April 2010), MyBag.co.uk will focus on key trends, brands and delivering consumers better value than they are currently receiving elsewhere.

As part of The Hut Group’s move into FMCG product areas, other sectors currently under review include Sports, Health & Beauty, Footwear and Toys.

More Information about MyBag.co.uk

Current Product Categories:

  • Handbags
  • Purses & Wallets
  • Jewellery
  • Sunglasses
  • Fashion scarves
  • Hair Accessories
  • Belts
  • Umbrellas

Current Brands:

  • Ameko: Handbags and purses
  • And Mary: Jewellery and purses
  • Bench: Bags and wallets
  • Max C London: Handbags and belts
  • Mischa Barton: Handbags
  • Nica: Handbags and purses
  • Red or Dead: Handbags
  • Ri2k: Handbags and purses
  • Suzy Smith: Handbags and purses
  • Yumi: Handbags and fashion scarves
  • Mimco: Handbags and purses
  • Lipsy: Handbags and jewellery

Price Points

  • Handbags: £8 (canvas shopper) up to £200 (Leather grab bag)
  • Belts: from £15
  • Jewellery: from £8
  • Purses: from £9
  • Scarves: from £12
  • Sunglasses: from £9
  • Umbrella’s: from £9

About The Hut Group

Founded in 2004 and based in Northwich Cheshire, The Hut Group is an online retailing platform focused on fast moving consumer goods including Entertainment (Games, DVDs, CDs, Books), Electricals, Health & Beauty, Footwear, Gifting, Accessories, Toys, Underwear & Sports.

The Hut Group retails online through its own sites, including TheHut.com and Zavvi.com.

In 2009, The Hut Group was ranked no.1 in the Sunday Times Tech Track 100 of the UK’s fastest growing companies.

For further information, please visit THG.com

Please find below a list of websites operated by The Hut Group’s retailing platform. For more information please visit their websites.

TheHut.com, Zavvi.com

Markus Bhatia appointed as Associate Product Director

The Hut Group has promoted Markus Bhatia to Associate Product Director with immediate effect. Bhatia, who joined The Hut Group in August 2009 as Head of Buying for DVD after 15 years at Virgin and Zavvi in the UK and Europe will now have responsibility for delivering The Hut Group’s procurement growth in all entertainment categories (DVD, Blu-ray, Games, Music and Books) in 2010 and beyond.

“This is a fantastic opportunity for me to continue to grow the DVD and Blu-ray categories across our portfolio, but lead all the entertainment product categories to deliver better processes and closer relationships with our supplier base, which will benefit business and most importantly our millions of customers” commented, Markus Bhatia.

The Hut Group, now reporting to OCC has seen its market share in DVD & Blu-ray increase by over 150% in the last 6 months, Matt Moulding, The Hut Group’s CEO said, “Markus is incredibly well respected in the entertainment industry and has delivered considerable incremental growth with DVD & Blu-ray since joining us, he’s an asset and I’m pleased to have him in our senior team, delivering the same expansion in Games, Music & Books”

About The Hut Group

Based in Northwich, Cheshire, The Hut Group was established in 2004 by entrepreneurs, Matthew Moulding and John Gallemore.

The Hut Group also has two successful etail brands within its portfolio. TheHut.com is a multi-channel retailer offering a variety of home entertainment and lifestyle products, such as DVDs, Blu-ray and CDs, as well as lingerie, cosmetics and sports and leisure equipment.

High street brand Zavvi was acquired by The Hut Group in March 2009 and is now a thriving online-only retailer. The refreshed Zavvi website offers customers a wider choice of entertainment products, with free delivery.

A Sunday Times Tech Track company, The Hut Group is the fastest growing technology company in the North West and is ranked 8th in the UK.

For further information, please visit TheHut.com, Zavvi.co.uk or THG.com or follow us on Twitter: @thehut_com and @zavvionline

Shoppers Head to ‘The Hut Group’ this Christmas to avoid High Street Bustle

Despite the credit crunch, Monday 30th November is set to be the biggest ONLINE shopping day of the year – with over 1750 sales a minute expected to ring through the virtual tills at peak time according to eCommerce specialist The Hut Group.

Stats revealed in a poll by the online retailer showed that more than 81 percent of Brits are planning to do their Christmas shopping online this year and 71 percent of people still think online shopping is the best way to buy Christmas presents.

The online retailer expects to ship over 5 million parcels in December representing over 6000 tonnes of goods that will include everything from DVDs to video games, CDs to Books & Electronics to Underwear.

Sales figures from Monday 23rd November show that online shopping for the festive season has already started with The Hut Group recording their busiest day ever, with 1600 orders a minute coming through at the peak time of 8-9pm.

The Hut Group, who ranked number 1 in the Sunday Times Tech Track 100 of the UK’s fastest growing companies, has two thriving retail brands, The Hut.com and Zavvi.com.

The Group has seen a sales increase of over 400% year on year from £25m in 2008 with innovative trading techniques and an aggressive customer acquisition strategy through new routes to consumers like its ‘Ebay Outlet’ which has seen over 20,000 orders in its first 3 weeks of trading and is well on track meet its turnover targets “Monday’s are always the busiest day for online shopping, and this will be a record-breaking period for The Hut Group” comments Richard Chapple, Commercial Director. “In the recession, when every penny counts, The Hut Group’s sites will be offering customers more value and better prices on the must-have products than ever before.”

For further enquiries regarding The Hut Group or any of our sites please contact us here or alternatively, phone us on 01606 338197.

About The Hut Group

Based in Northwich Cheshire, The Hut Group is a successful e-commerce

provider founded in 2004 by Matthew Moulding and John Gallemore.

With two thriving retail brands, TheHut.com and Zavvi.com, The Hut Group has emerged as an online retail success story having averaged 189 percent growth over the last 4 years.

In October 2009, The Hut Group was ranked number one in The Sunday Times ‘Tech Track 100’, making it the fastest-growing private technology firm in the UK.

For further information, please visit TheHut.com, or THG.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.