Which retailers won Christmas?
As post-Christmas trading updates begin to emerge, it is clear which sections of the retail market are thriving and which are already in need of another holiday.
1. Alcohol – winnerThe proportion of adults in the UK who drink is falling. Thus, the fact that pub groups, alcohol retailers and breweries had a sparkling Christmas perhaps suggests that those of us who do drink are drinking a lot more than we used to. High demand for celebratory bubbly sent sales at Naked Wines (LON: WINE) up 11% in the final three months of 2019, while its former parent company Majestic Wines posted a 4.3% increase in revenue at its established stores. The results were similarly sunny in pubs where spending was up 12% over Christmas. That is reflected…