:. Food Industry News


UK: Champagne Drives Majestic Wine's Christmas Sales

Source: Reuters
03/01/2007

London, Jan 3 - Champagne drinkers helped boost sales at Britain's Majestic Wine Plc by more than 8 percent over Christmas, the retailer said on Wednesday.

Daily News Alerts

"Our overall sales in the UK were up just over 8 percent and champagne was twice that rate of growth," Chief Executive Tim How told Reuters.

"The biggest seller was Nicolas Feuillatte, which we were promoting," he added. "But otherwise it was the names you'd expect -- Veuve Clicquot, Bollinger, Laurent Perrier, Perrier Jouet."

Group like-for-like sales rose 4.4 percent in the last nine weeks of 2006.

Analysts at Numis Securities said the figures were as expected and Majestic's shares rose 0.4 percent to 360 pence by 0908 GMT, valuing the group at around 236 million pounds ($465 million).

British retailers have enjoyed strong Christmas trading, with department store Selfridges reporting its best ever Boxing Day sales.

Last week's Retail FootFall Index showed shopper visits to stores rose 6.9 percent on Boxing Day from a year ago, an upswing after warm weather and interest rate hikes made for poor autumn sales.

Majestic's How said people were buying better wines this year.

"We saw 25 percent growth in wines retailing at 20 pounds and above, mainly coming from Bordeaux and Burgundy," he said. "We've seen our average bottle price rise to 5.73 pounds from 5.58 this time last year."



GO   View more articles on this subject


More Alerts from 03/01/2007


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
Daily News Alerts
Related Items
NZ Whites Drive Majestic Wine's Christmas Sales
Majestic Wine Profit Down, Champagne Sales Fizzle Out
Majestic Wine Profits Up, Expects 10% Price Hike
Continued Double-Digit Organic Revenue Growth for LVMH...
Vranken-Pommery Monopole Reports Sharp Improvement...
UK's Darling Could Raise Alcohol Taxes in Budget
Asda Wine Withdrawn over Fears it could Trigger Asthma...
Vranken-Pommery Monopole: 2007 Nine-Month Revenue
UK: Majestic Wine Says Enjoys Good Start to Year
Sugar in Your Wine? No Thanks, Says EU Farm Chief

More in Food Industry News
Chile Public-Sector Strike Slows Some Agriculture Exports
Frutarom Continues to Implement its Rapid Growth Strategy
Fast-Food Advertising Ban Could Cut Child Obesity -...
Sara Lee to Close and Sell Plant, Cut 185 Jobs
Bunge CFO Says Company in 'Comfortable Position' Regarding...
Itochu to Invest $710 Mln in Ting Hsin
Stocks Hit 5-½ Yr Lows on Economic Fears
Oil Falls Below $53 on US Stocks Rise, Demand Drop
General Mills Reaffirms Fiscal 2009 Earnings Guidance...
New Brazilian Bunge Sugarcane Mill Operational in May

Top Headlines
New Brazilian Bunge Sugarcane Mill Operational in May
BASF Issues Profit Warning, Cuts Global Output
Burger King Corp. to Limit Sodium in Advertised Kids...
Sime Enters China's Palm Oil Refinery Business
Dutch Private Label Beverage Maker Refresco Sees Expansion...
T1R1 Receptor Binding Assays for Identification of...
Saudi Arabia Retail Food Sector Annual Update 2008
Sofiproteol's Diester Industrie Acquires Glycerine...
China Resources Enterprise Announces Unaudited Quarterly...
Rising Ivorian Cocoa Prices Dampen Ghana Trade
Yum Brands to Globalise Taco Bell Chain
George Weston Earnings Little Changed
Nomura Chief Says Global Liquidity Crisis is Over
Benchmark Thai Rice Price Rises to $580 Per Tonne
Nespresso: Gourmet Coffee Demand Safe from Crisis
Food Costs, Weak Economy Boost Anti-Ethanol Lobby
Final SOS Cuetara Biscuit Unit Bids in 3 Weeks
InBev Closes Bud Deal, Becomes No. 1 Brewer
Glanbia Confirms 2008 Market Expectations; Announces...
Central America Coffee Farms Holding Out for Price...
Nestle Opens Second R&D Facility Dedicated to its...
Nestle Marketing Man Hopes to Revive Brand Carrefour
Pepsi Bottling to Cut Jobs, Trims Forecast
Brazil to Limit Cane Planting in Food Producing Areas...
Israel's Strauss Group Q3 Net Profit, Revenue Rise...
Probiotics to Influence Fat Metabolism and Obesity
Onion Flavoured Compounds and Use
Constellation Brands Sees Steady Business


 


FLEXNEWS 2008 - All rights reserved
ISSN 1950-6228