Gunning for 10 per cent of business online
Published: 9 October 2008 11:49 BST
High street entertainment retailer Zavvi has set its sights on growing its internet business to 10 per cent of total sales by 2011.
silicon.com Retail & Leisure
Get the latest retail and leisure news straight to your inbox. Sign up for the R&L newsletter today!
In an interview with silicon.com, Zavvi IT director Tony Johnson said the retailer, which was formerly branded Virgin Megastores before a management buyout in September 2007, is late to market in its internet channel.
However a site relaunch in July 2007 has resulted in triple-figure sales growth year-on-year, on the back of investment reaching seven figures.
"ROI isn't year one but it should be year two. That's part of the challenge of building a business case. We are coming from a fairly low base of business, so that is the level of growth we need to see to justify the investment we've made," he said.
However, multichannel retailing may be a way off for the retailer. Johnson confirmed click and collect services, where the shopper buys a product online and collects it from a local store, is not on his agenda.
Store Manager- Value High Street RetailerTo apply, please send your CV to mr@detail2retail.com or click the "Apply" button below.The Company:Our ...
Store Manager- Luxury High Street Retailer (Maternity Cover)To apply, please send your CV to mr@detail2retail.com or click the "Apply" button ...
Assistant Manager / Assistant Store Manager - Leading High Street RetailerThe Company:Our client is one of the leading high street retailers within ...
Agenda Setters 2008
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Petra Papinniemi
Legal Eye: Ecommerce held back by outdated laws
No wonder no one's buying...
Matthew Cushen
E-tailers: Be choosy overseas
Markets are not always what they seem
Tim Ferguson
'If you look at iPlayer from a distance, it's still very web 1.0'
Q&A: Erik Huggers, director, BBC's Future, Media and Technology
Kit Burden
Legal Eye: Tech could brighten retailers' gloom
Regulation and recession loom
Matthew Cushen
Retailers: Look to emerging markets
Comment: Massive opportunities if you get the IT right
Julian Goldsmith
How Zavvi lost its Virginity
IT director Tony Johnson on the retailer's changing web strategy