‘Fine wine’ helps boost Majestic sales

9th January, 2014 by Lauren Eads

Demand for “fine wine” saw wine merchant Majestic record a UK store sales growth of 5.9% over the Christmas period.

Majestic wine storeOver the same period, between 29 October and 6 January, like-for-like UK store sales growth excluding store openings was 2.8%.

The company said sales had been boosted by the popularity of bottles costing more than £20 indicating a demand for “fine wines”.

The result builds on an equally good summer for the merchant, which saw a 39% increase in Prosecco sales help boost its half-yearly profits.

Total profits before tax in the 26 weeks to 30 September rose 4.2% on last year to £9.5 million, while total sales increased 3.3% to £130.2 million.

While increasing demand online has seen the retailer recently introduces a new and improved e-commerce system to cope with growing demand.

Mobile and web transactions now account for 11.1 percent of Majestic’s total retail revenues growing 14.7 percent in 12 months, according to the company’s recent financial statements.

Steve Lewis, chief executive of Majestic Wine said: “I am pleased to say that recently we opened our 200th store enabling more and more people to shop locally with Majestic.

“This Christmas, helped by our knowledgeable staff, customers chose to treat themselves and we saw strong growth in sales of fine wine above £20 per bottle.”

The UK store sales result brings total growth to 0.8% for the first 40 weeks of the financial year.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

ViVAS Wine - Category Development Manager

ViVAS
Harlow and Stowmarket or Salisbury, UK

Fine Wine Logistics Coordinator

IG Wines
London, GB

Brand Ambassador East Coast USA - Ableforth’s

Maverick Drinks
New York - field-based, USA

Brand Ambassador West Coast USA - Ableforth’s

Maverick Drinks
San Francisco / Los Angeles - field-based, USA

Global Travel Retail Manager

Maverick Drinks
London, UK

Portfolio Ambassador - Europe

Maverick Drinks
North West Europe - field-based, UK

Senior Partner Manager - Grocery

Maverick Drinks
London/Field Based, UK

Sales Executive

Woolf Sung Ltd
London

Trade Marketing Manager - Maverick Drinks

Maverick Drinks
London / Kent

Business Development Executive Central London

William Grant & Sons UK
London

Almaviva 2015 Vintage and Vertical Tasting

London,United Kingdom
28th Sep 2017

TFWA World Exhibition & Conference

Cannes,France
1st Oct 2017

Franciacorta London Festival

London,United Kingdom
2nd Oct 2017
Click to view more

Global Chardonnay Masters 2017

Deadline : 29th September 2017

The Global Riesling Masters 2017

Deadline : 29th September 2017

Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more