AGM Statement 7th May 2008
At its Annual General meeting today, David Williams, Chairman, gave the following update on Ideal's trading performance for the first 18 weeks of 2008
2007 Annual Report and Accounts 7th Apr 2008
Ideal Shopping Direct, a leading operator of TV and internet shopping channels, presents its annual report for 2007.
Preliminary Results 4th Mar 2008
Ideal Shopping Direct, a leading operator of TV and internet shopping channels, is today providing its preliminary results for the 52 weeks ended 30 December 2007.
In 2007 we estimate that the UK television shopping market generates sales of over £950 million, with annual growth of between 5% and 7%. Our market share is over 10%.
Currently 86% of UK households have access to digital television, and by 2012 when the analogue signal is switched off all UK households must have Freeview, satellite or cable television, hence access to our television channels.
Internet sales
The number of UK households with a broadband connection is now 16 million and growing rapidly. Online sales in 2007 exceeded £ 46 billion, 50% more than the previous year. As it grows, the profile of the online population more closely matches the demographics of our existing customer base.
Craft market
We estimate that the UK craft market is worth in excess of £2 billion per annum at retail sales value. We are amongst the top 4 players in a very fragmented market and operate at wholesale and retail level. The market is currently only half the size of the US market on a per capita basis and we believe the ageing population will continue to drive growth.
