Majestic sees its wine sales flow faster

first_img Majestic sees its wine sales flow faster whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Show Comments ▼ Monday 15 November 2010 8:14 pm MAJESTIC Wine said yesterday its half-year profits had jumped by a fifth as it said it continued to benefit from slashing its minimum order from 12 bottles to six.Reduced competition on High Street sales had a positive impact after the First Quench group – whose brands included Threshers – plunged into administration.Majestic made pre-tax profits of £7.3m in the six months to 27 September.Overall group sales rose 10.2 per cent to £117.6m.The firm saw a strong rise in demand for its more expensive wine – priced at over £20 per bottle – despite the tough consumer climate.Chief executive Steve Lewis said: “People are prepared to spend quite a bit on a good, interesting, compelling bottle of wine.”“If you spend £20 in a restaurant, you’ll get quite an ordinary bottle of wine, so we’re seeing people buying good quality wine to drink at home.”Lewis said that it was a mistake to think that “everyone is in austerity”, citing “an enduring British love affair with food and wine”.Majestic said that, despite reducing its minimum order in September, the average transaction had only decreased by 7.2 per cent to £122.The group has 160 UK stores, plus a French business – Wine and Beer World – which has two outlets in France, one in Calais and the other in Cherbourg. Total sales were boosted at these stores by the introduction of a guarantee that its wine prices were at least £2 per bottle cheaper than in its UK stores.Lewis added: “We have seen a substantial increase in the number of customers on our database who have shopped in the past year, up 14 per cent to 496,000.” center_img Share KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifelast_img

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