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 – winner
The 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…
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