Majestic Wine toasts sales growth

Majestic Wine toasts sales growth
 

Majestic Wine said it was on track for higher growth as it fell into the red for the six months to September.
The retailer posted a pre-tax loss of £4.4m, compared with a profit of £4.5m for the same period last year, and said it had been focusing on boosting sales rather than the bottom line.
Majestic said the loss was largely due to a failed marketing campaign for its Naked Wine business.
Like-for-like sales rose 5.7% in the 26-week period.
Shares jumped 6.3% to 320.7p in morning trading in London.
The firm reiterated its pledge to hit annual sales of £500m by 2019.
Its Naked Wine... read more

 
17 November 2016 in Business, Views: 42
Source: BBC
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