Majestic Wine (AIM:MJW) - it’s tough in the wine world, time to take a look!
Majestic Wine has announced a somewhat disappointing Christmas Trading Statement, although probably on the lines that many might have anticipated.
There remains a cracking little business lurking here which seemingly doesn't need too much fixing
Total UK store sales for the 10 weeks of Christmas trading from 28 October to 5 January 2015, were up a modest 3.7%. Over the same period like for like UK store sales growth was only 1.1%. This performance brings the like for like UK store sales growth to 2.0% for the first 40 weeks of the financial year.
The announcement continued how the Christmas trading period was particularly challenging…
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