Home Business News Majestic Wine sales boosted during Christmas period

Majestic Wine sales boosted during Christmas period

by LLB Reporter
9th Jan 19 9:00 am

Majestic Wine has reported a 6.3 per cent rise in underlying sales for the 10-week Christmas trading period ended 31 December 2018, compared with 4.1 per cent in the same period in 2017.

Much of the sales growth was thanks to its overseas markets in the US and Australia.

Chief executive Rowan Gormley added: “Consumer behaviour is changing and we’re seeing a revolution in retail. We think there will be winners and losers, and we believe we have what it takes to be one of the winners. We are uniquely placed, with the people, data and skills in place to succeed despite the headwinds we are seeing.

“While trading has been challenging over the Christmas period, the trends we reported in November are the same (namely strong growth in our overseas markets and our digital propositions but headwinds for our UK retail stores). We look forward to setting out more of our future plans for the group, including the retail business with our full year results in June.”

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