Fine wine sales lift Majestic

16 June, 2008

A 25 per cent rise in fine wine sales helped Majestic to boost profits for its full-year, the group has announced.

Majestic sales and pre-tax profit rose three per cent to 197m and 16.7m respectively for the 12 months ended March 31st, the wine warehouse chain said on Monday.

Leading the performance was strong growth in fine wine sales, which Majestic said now made up around four per cent of the UKs retail wine purchases.

The group plans to put fine wine display areas in a further 10 stores this year, bringing the total to 55.

Average spend on a bottle of wine was also up, something the industry as a whole will welcome as it contends with duty rises and a wavering economy.

Majestic said average spend per transaction rose eight per cent to 133. The average bottle price of still wine purchased increased to 5.98 from 5.75 last year.




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Richard Hemming MW asks: what’s the next step for indies?

In the not-too-distant future, when all humans are born with inbuilt VR headsets and Trump is Supreme Commander of the Known Universe, how will students of wine look back on the present era of retail in the UK? And, in such a dystopian world, why would anyone care?

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