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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Talking terroir

When Bordeaux was in fashion, it seemed almost logical that we should fetishise winemakers. Here were people responsible for brilliant acts of blending, across large estates and multiple grape varieties, including superstars such as cabernet sauvignon and merlot. These days, fashion has moved on and pinot noir is ascendant. As a result, the star of the winemaker has fallen and we find ourselves following a new star in the sky: terroir.

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