Profits up for Majestic

15 November, 2011

Majestic has grown pre-tax profits by 20% to £8.8 million in the half-year to September 26 – but saw like-for-like sales in shops drop for the six weeks after the period ended, it has reported.

The chain’s total sales grew 8.7% to £127.8 million, with active customer numbers registered on its database up 7.7% to 534,000.

Eight new shops opened during the period, followed by three more since the end of September, bringing the estate to 174.

Meanwhile online sales grew 8.7% on the year before and now make up 9% of Majestic’s UK retail sales.

Chief executive Steve Lewis said: “I am very pleased that Majestic has achieved profit growth of 20% in the half-year and we are very well prepared for the important Christmas trading period.”

In his statement, chairman Phil Wrigley said: “The group has achieved a very strong result. The average spend per transaction at our stores has risen to £125 from £122 and the average bottle price of still wine purchased at Majestic is now £7.13, up from £6.67 last year. 

“We are encouraged that our proposition, built on the strength of our product range and excellent customer service, continues to attract new customers to Majestic.”




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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