Majestic profits up by a fifth
Published:  18 November, 2010

Majestic has posted a 20% profit rise in the half-year to September 27.

The wine warehouse group saw profits increase from £6.1 million in the same period in 2009 to £7.3 million.

Total sales were up 10.2% and like-for-like sales in UK stores were ahead by 7.6%.

The company said there was a substantial increase in "active customers", by 14%, to just under 500,000.

Online sales increased by 8.3% and now represent 9.1% of the company's UK retail sales.

Sales of wines priced at over £20 were up 20.2%.

Chairman Phil Wrigley said: "The change to a six-bottle minimum purchase has been extremely popular with existing customers and has made Majestic more accessible to new customers."




Site Search

COMMENT

Breaking up with Burgundy

Making my way through the recent tranche of Burgundy tastings for the much-hyped 2015 vintage, I found myself experiencing a moment of guilt.


Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter