Vintage half-year at Majestic Wine

13-11-2006

Vintage half-year at Majestic Wine
Retailer Majestic Wine has announced a 17 per cent rise in profits to £6.5 million for the 26 weeks ending September 26th 2006.

The UK-based firm says that sales during the period were up 6.2 per cent to £88.3 million, with orders made on its website almost doubling.

Online transactions now account for six per cent of Majestic Wine's sales.

The company, which now has 133 stores across Britain, today said that the average amount of money that a customer spends in a single purchase is £121, while the average bottle of wine is up to £5.66

But Majestic also revealed that its fine wine sales, those valued above £20, are up 33 per cent.

Tim How, chief executive of the firm, said: "I am very pleased with our first half performance and the rate of new store openings. Like for like sales for the five weeks from September 26th to October 30th were up 4.3 per cent."

Chairman Simon Burke added: "We saw strong sales growth in wines from the Loire, Spain, New Zealand, Chile and Argentina. Champagne and rose wine sales were also strong."


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure