THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Conviviality Retail says full year earnings will beat expectations

Bargain Booze owner Conviviality Retail has said its full year earnings are likely to be slightly ahead of expectations.

GENERAL MERCHANDISE

Conviviality Retail says full year earnings will beat expectations

Bargain Booze owner Conviviality Retail has said its full year earnings are likely to be slightly ahead of expectations.

In a pre-close trading update, the company reported that like-for-like sales at Bargain Booze stores were flat in the 52 weeks to 27 April 2014 although average sales per store increased by 3.2% reflecting an improvement in the quality of the portfolio.

Like-for-like sales at Wine Rack, which Conviviality acquired in September 2013, rose by 1.4% in the second half and by 2.9% on the first half.

Conviviality said it had traded well over the Easter period, with like-for-like retail sales over a comparative six weeks to 27 April 2014 increasing by 2.2% for Bargain Booze stores and 6.5% for Wine Rack stores.

In the same statement, Conviviality also announced that Andrew Humphreys will join the board as chief financial officer from Direct Wines. 

Meanwhile, Julie Wirth has decided to step down from the Conviviality board on 27 June due to personal reasons although she will continue to support the business through the financial year end.

Yesterday, Conviviality announced that it had acquired 26 Rhythm & Booze stores in the north of England.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process