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

Faith in fakes

One of the most fascinating stories in wine, fit to stand alongside the Judgement of Paris, is that of Rudy Kurniawan, a man who managed to fool friends, auction houses and experts into believing they were drinking some of the world’s most expensive wines.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter