Majestic Wine said the Christmas trading season had been challenging with many consumers leaving their shopping until the very last moment.
The wine merchant reported that total UK store sales over the seven weeks of Christmas trading were up 5.1%.
Over the period, which covered November 13th to December 31st, like-for-like sales were up 1.1%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This left like-for-like UK store sales growth at 0.8% for the first 39 weeks of the financial year.
These results sparkled rather less than the year before when total sales were up 8.4% and like-for-like sales were up 4% over the Christmas period.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
