If you’ve ever been shopping in one of Majestic Wine’s (Aim: MJW) stores, you can’t fail to be impressed by the range of wines and the high levels of customer service. As a potential investor, this is always a good sign. The firm had a good Christmas as people splashed out on upmarket wines.
But it seems that its customers have been laying off the booze for longer than was expected, which led to a profits warning last week and the share price tanking by 20%. Profits probably won’t grow in 2014. The bad news for shareholders is that [...]
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