Partly Cloudy

Partly Cloudy

max temp: 10°C

min temp: 5°C

ESTD 1874 Search

UK: Majestic Wine defies washout summer to post higher first-half profit

12:58 19 November 2012

Majestic Wine has reported  a 4% rise in half-year profits

Majestic Wine has reported a 4% rise in half-year profits

MAJESTIC Wine today posted a 4% increase in half-year profits despite the washout summer ruining a large number of outdoor events.

shares

The wine merchant, which has 189 stores and generates around 10% of retail business online, said the improvement to £9.2 million for the six months to October 1 demonstrated the resilience of the business.

Sales through the store network grew by 4.7% to £108.7 million, with the figure when excluding changes in store space up by 0.6%. In the six weeks since then, like-for-like sales have risen by 1.2%.

Majestic said: “During the summer sales were adversely affected by unseasonable weather that resulted in the cancellation of a large number of outdoor events.”

It saw an 11% increase in the number of customers on its database who have made a purchase in the last 12 months and said average spend per transaction was up by £1 to £126. The average bottle price of still wine purchased at Majestic is now £7.46, up from £7.13 a year earlier.

Chairman Phil Wrigley said: “We recognise that the environment in which we operate is likely to remain challenging.

“We are most encouraged by the number of new customers attracted to Majestic and we are well prepared for the very important Christmas trading period.”

shares

0 comments

The scene of a one car collision with a tree on Ashbocking Road near Henley.

Police have found a man who had gone missing after a road traffic collision between a car and a tree in Ashbocking Road, Henley on Thursday night.

Cameron and Alexis Fisher, 8-year-old twins, cheer on boxcars with their father, Tech. Sgt. Christopher Fisher, 48th Civil Engineer Squadron NCO in charge of pavements and equipment, at the annual Cub Scout Pack 219 Pinewood Derby at the Exchange on Royal Air Force Lakenheath.

Cub Scouts tested their physics know-how at RAF Lakenheath’s annual box car racing finals, where handcrafted slot cars competed against each other for the top prize.

The Sky Bet Championship
Ipswich Town v Leeds United - Portman Road, Ipswich - 6 Dec 2014

Ipswich Town fans celebrates their teams third goal of the afternoon

Season ticket prices will remain the same for the 2015-16 season, whether Ipswich Town reach the Premier League or not, for fans that beat an Early Bird deadline.

Abellio Greater Anglia

Transport user groups have called for more train services in Suffolk after new footfall statistics showed increase at stations across the region.

Student Daren Butler, 23, of Acton near Sudbury has cystic fibrosis

A virtual balloon race has been organised to raise money for life-changing research into treatments for cystic fibrosis.

The incident happened in Cavendish

Police are investigating a two-vehicle collision in Cavendish High Street.

Members of Suffolk Kennel Association at their final preperation evening before Crufts

More than 45 dogs from Suffolk will be competing with their owners in the annual crufts competition this week, thanks to the advice and expertise of ringcraft club the Suffolk Kennel Association.

Bones at Ipswich Museum could be loaned to help medical science research

They may have been dead for centuries but the skeletal remains of medieval monks at Ipswich Museum may hold the key to solving a modern medical puzzle.

The Aldeburgh food and drink festival at Snape Maltings

Snape Maltings’ rich food and drink heritage is set to continue to evolve and grow when Aldeburgh Music takes over ownership in the next few weeks.

A pothole

Potholes which currently have to be repaired in 24 hours could be left unattended for five days under proposals being considered by Suffolk County Council.

Most read

Most commented

Topic pages