Bouyant Majestic grows share and eyes expansion

26 November, 2010

Majestic has increased its share of the UK wine market despite the recession and intense supermarket competition.

Chief executive Steve Lewis said the retailer had increased its share from 3.2% to 3.5% (Nielsen, year to September 2010), boosted by its move to a minimum six-bottle purchase. Reporting a 20% profit rise in the half-year to September 27, the wine warehouse group saw profits increase from £6.1 million over the same period in 2009 to £7.3 million.

Total sales were up 10.2% and like-for-like sales in its 160-strong estate were ahead by 7.6%. Lewis said a further 12 stores would open next year and he was currently reviewing Majesticís target figure of eventually reaching 250 stores to see whether it should be aiming higher.

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