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Profits at Majestic Wine soared by 20% over the past six months, as customers spent more on each bottle of wine. Majestic reported pre-tax profits of 8.8m in the 26 weeks to 26 September, up from 7.3m for the equivalent last year.
Sainsbury's has emerged the clear winner of the Christmas trading period.
As retailers unveiled mixed trading results this week, Sainsbury's trounced rivals, posting a 3.6% increase in like-for-like sales for the 14 weeks to 8 January,...
Morrisons boss Dalton Philips hailed a very strong festive performance after the retailer posted a 1% increase in like-for-like sales for the six weeks to 2 January.
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