The Hut Group is 'Tech Track' hit 4th Year in a row
By The Hut Group, PRNETuesday, September 21, 2010
LONDON, September 22, 2010 - The Hut Group (www.thehutgroup.com/) have ranked number
4 in the 'Sunday Times Tech Track 100 (
www.fasttrack.co.uk/fasttrack/main/home.htm) of the UK's fastest
growing companies with growth of 162% from sales of GBP53.60m in 2009/10
versus GBP2.98m in 2006/07.
Topping the league table at number 1 last year, The Group
(www.thehutgroup.com/) have appeared in the table every year in the
past four years and have featured in the top ten in the past three, despite
the Group being less than 6 years old.
Founded in 2004 and based in Northwich, Cheshire, The Hut
Group (www.thehutgroup.com/) is an online retailing platform focused
on fast moving consumer goods including Entertainment (Games, DVDs
(www.thehut.com/home.dept), CDs, Books), Electricals, Gadgets
(www.iwantoneofthose.com/), Health & Beauty, Footwear, Gifts
(www.gifted.com/home.dept), Accessories, Toys and Sports.
The Hut Group (www.thehutgroup.com/) retails online
through its own sites including TheHut.com (www.thehutgroup.com/),
Zavvi.com (www.thehutgroup.com/), Iwantoneofthose.com (
www.thehutgroup.com/), Gifted.com (www.gifted.com/home.dept),
MyBag.co.uk (www.mybag.co.uk/home.dept) and Washbag.com
(www.washbag.com/home.dept). In addition, it delivers online retail
solutions for blue-chip retail partners such as ASDA, Woolworths, Argos,
Tesco and WHSmith.
In April 2010, The Hut Group raised GBP14m from a consortium
of investors, including: Balderton Capital, Artemis, William Currie Group and
Angus Munro, the former chief executive of Matalan.
M&A Director, Steve Whitehead said, "The business remains
focussed on delivering growth through a combination of organic new site
launches such as myBag.co.uk and Washbag.com plus through selective
acquisitions. This growth strategy is evidenced within Gifting, where the Hut
is now the UK's largest operator across our existing site, Gifted.com and
IWantOneofThose.com, which we acquired in August."
The Hut Group now employs over 200 members of staff and recently announced an
apprentice NVQ scheme, which will bring 100-150 talented youngsters from the
local area into the business for the year long vocational courses in Buying,
Marketing, Design, Finance and more with the aim of nurturing the best talent
at grass roots level in the North West.
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, Gadgets,
Health & Beauty, Footwear, Gifting, Accessories, Toys, Underwear & Sports.
The Hut Group retails online through its own sites including
TheHut.com, Zavvi.com, Iwantoneofthose.com, Gifted.com, MyBag.co.uk and
Washbag.com. In addition it delivers online retail solutions for blue-chip
retail partners such as ASDA, Woolworths, Argos, Tesco and WHSmith.
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.thehutgroup.com
Please find below a list of websites operated by The Hut
Group's retailing platform. For more information please visit their websites.
GIFTED.COM www.gifted.com THE HUT www.thehut.com INTERSPORT www.intersport.co.uk IWOOT www.iwantoneofthose.com MYBAG www.mybag.co.uk WASHBAG.COM www.washbag.com ZAVVI.COM www.zavvi.com ARGOS www.argos.co.uk ASDA www.asda.co.uk CDISCOUNT www.cdiscount.com DEBENHAMS www.debenhams.com LOVEFILM www.lovefilm.com TESCO www.tesco.com WH SMITH www.whsmith.co.uk WOOLWORTHS www.woolworths.co.uk
About The Fast Track
This is the tenth anniversary year of The Sunday Times Tech
Track 1 00 league table, which ranks Britain's one hundred fastest growing
private technology, telecoms and digital media companies.
The Tech Track 100 has title sponsorship from Microsoft, and
main sponsorship from Barclays Corporate and BDO. The annual league table
ranks private technology companies (TMT) with the fastest growing sales over
their latest three years of available accounts, i.e. between 2006 and 2009,
or 2007 and 2010.
Over the past decade, the Tech Track 100 has featured many
well known brands, innovative ideas and stock market stars of the future.
Some sectors have featured strongly, for example, telecoms companies
dominated in 2001 following industry deregulation in the nineties. Since
then, the emergence of online gaming, price comparison websites and, this
year, cloud computing and managed hosting firms, have all been reflected in
the annual rankings.
This year's Tech Track 100 companies are creating greater
wealth and more jobs in the knowledge economy than at almost any other time.
Reproduced by permission. Copyright The Sunday Times Tech Track 100
Further copies of the Tech Track 100 supplement can be purchased from The
Sunday Times' back issue agency, Back Issue Newspapers, which charges GBP8.99
per full copy of The Sunday Times (www.backissuenewspapers.co.uk, tel:
+44(0)844-669-6400.
Contact: THEHUTGROUP at FRANKPR.IT +44(0)20-7963-6999
Tags: London, September 22, The Hut Group, United Kingdom