Warehouse retailer toasts rising profits

16 November, 2007

Majestic's strong growth continues, with pre-tax profit for the 26 weeks to Oct 1 up 16.7 per cent to 7.5 million.

The specialist drinks retailer enjoyed sales of 91 million, with like-for-likes up 2.4 per cent on the same period in 2006.

The average cost of a bottle of wine bought at Majestic is now 5.85, compared

with 5.66 in 2006, and average spend per customer has increased by 7 to 128.

Fine wine sales continued to show good growth, the retailer said, with sales of 20-plus wine increasing by 17.5 per cent. By Christmas, 38 branches of Majestic will have fine wine display areas, and there will be 141 stores in the UK.

Chief executive Tim How added: "Like-for-like UK sales for the four weeks from Oct 2 to Oct 29 were up 2.2 per cent. While we expect the environment to continue to be challenging, we are well-prepared for the important Christmas trading period."




Bookmark this


Site Search

COMMENT

Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter