Squeezed Majestic! Wine merchant has challenging Christmas
SALES lost their fizz at Majestic Wine in what it called "a particularly challenging" Christmas.
Majestic Wine's profit margins were squeezed
Faced with competition from supermarkets, the wines warehouse said it stepped up promotions to attract customers to its 210 shops and its website.
Sales at sites open at least a year rose in the 10 weeks to January 5 just 1.1 per cent but profit margins were squeezed.
Shares fell 67p to 330p.