Majestic profits up by a fifth
Published:  18 November, 2010

Majestic has posted a 20% profit rise in the half-year to September 27.

The wine warehouse group saw profits increase from 6.1 million in the same period in 2009 to 7.3 million.

Total sales were up 10.2% and like-for-like sales in UK stores were ahead by 7.6%.

The company said there was a substantial increase in "active customers", by 14%, to just under 500,000.

Online sales increased by 8.3% and now represent 9.1% of the company's UK retail sales.

Sales of wines priced at over 20 were up 20.2%.

Chairman Phil Wrigley said: "The change to a six-bottle minimum purchase has been extremely popular with existing customers and has made Majestic more accessible to new customers."

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