You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Monday 29 June 2015

‘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Your email address will not be published.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 *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

Top 10 wines in the US press

An impressive Tannat-Merlot-Zinfandel blend from Uruguay and a Vernaccia from more...

Wimbledon serves up English wine

Organisers of this year’s Wimbledon have decided to offer tennis fans English more...

Bilingual 'tool' demystifies wine tasting

The Australian Grape and Wine Authority has developed a new "tool" which more...

Warehouse Supervisor

London, United Kingdom

£27,000-£30,000 depending on experience

Champagne shines at London sale

Sotheby’s London fine wine sale saw strong bidding for Champagne and a case more...

Bordeaux wine thieves found guilty

A French court has sentenced 15 men over the audacious theft of $1.1 million of more...

Castel feeds aperitif thirst

Europe’s largest wine producer, Castel, has unveiled a raft of new products more...

PR Manager

Competitive

Q&A: John Barbier, the Colorado cook-vintner

“I have never followed a recipe in my life, I’m a man of instinct”, more...

Online retailer to highlight 'hidden gems'

A new online boutique wine importer and retailer Perfect Cellar has opened for more...

BBR to host pop-up dinners in 'secret' cellar

Berry Bros. & Rudd has unveiled a "secret" cellar underneath its shop in more...

London Sales Manager / Key Account Manager

London, United Kingdom

Competitive - depending on skills and experience

UK market in growth as price increases slow

The latest figures from the Wine and Spirit Trade Association show that more...

Top 10 wines in the UK press

An "epic" Riesling, a "Grecian beauty" that "gobsmacks with opulent tropical more...

Flavoured styles lead drinks NPD

A new report from Nielsen shows that flavoured variants are dominating more...

Sales Executive - Wines & Spirits Competitions

London, United Kingdom

Competitive

Tesco to announce more sales woes

Tesco's travails look set to continue, as City analysts say it is preparing to more...

Accolade's Fish Hoek goes Fairtrade

South Africa's Fish Hoek is to go Fairtrade from the 2015 vintage, becoming more...

UK craves Spanish wining and dining

British foodies are passing over Bordeaux and Burgundy in favour of Spanish more...

Head of On-Trade Sales

London, United Kingdom

Burgundian négociant celebrates gin smuggler

Burgundian négociant, Vallet Frères, has allowed a special bottling of more...

BI offers 2014 imperial collection en primeur

Fine wine merchant Bordeaux Index is offering its clients a 10 imperial more...

China’s Ningxia region launches wine contest

Select winemakers will have the chance to travel to China to learn from its more...

UK Sales Manager

London, United Kingdom

Shock over wine named 'dung' in German

A row has broken out over a decision by St Tropez's wine co-operative to name more...

Oddbins woos Naked staff with love letters

Oddbins has allegedly been sending love letters and bottles of wine to key more...