Member Article

Bargain Booze owners see sales improvements

The retail group that own Bargain Booze and Wine Rack say sales growth has markedly improved over the 26 weeks to the end of October.

Crewe-based Conviviality Retail said UK like-for-like sales in the period was up 0.6%, a significant improvement on the same period last year.

The group attributed it to a reduction in the number of under performing stores and improved standards across their operations.

Conviviality recently acquired South East off licence franchise chain Wine Rack and say the network of stores is operating in line with expectations.

A new company owned store is planned for West Byfleet in Surrey, which includes refreshed branding. Other Wine Rack stores will undergo changes to their design and range of stock prior to the important Christmas trading period.

Diana Hunter, chief executive of Conviviality commented: “We are pleased with the performance to date. Like-for-like growth in store sales is encouraging and reflects signs of underlying improvement in the core business. This is a result of the increased focus of our Franchisees and a better quality store portfolio, combined with a number of new incentives successfully introduced during the period.

“Wine Rack has bedded in well and we are already seeing the benefits from this acquisition. The Board looks forward to further progress and growth across the business in the second half.

“On behalf of the Board, I would also like to take this opportunity to welcome Julie to the Company.“

This was posted in Bdaily's Members' News section by Tom Keighley .