THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Naked Wines posts half year sales increase

Naked Wines saw its total sales increase by 6% on a constant currency basis to £159.3 million in the first half of its financial year. On… View Article

FOOD & DRINK

Naked Wines posts half year sales increase

Naked Wines saw its total sales increase by 6% on a constant currency basis to £159.3 million in the first half of its financial year. On a reported basis sales edged up 1%.

The company said the uplift in the six months to 27 September was driven by strong repeat customer sales retention, although this was partially offset by lower new customer sales when compared to the previous year, which benefited from Covid-19 lockdowns.

Pre-tax profit came in at £1.3 million versus a loss of £8.9 million in the first half of last year.

Nick Devlin, group chief executive of Naked Wines, said: “I’m delighted by the progress we have made so far this year in further strengthening our winemaker line-up and customer proposition. We are now serving a global community of 947,000 members – an increase of 25% over the last year – reflecting sustained consumer desire for an alternative to traditional wine distribution.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >