WINE warehouse chain Majestic yesterday brushed aside post-millennium blues to see revenues lift during the first six months of the year.
Sales for the firm rose 6.6 per cent to £36.9m during the period to September 25, but higher distribution costs and reduced margins meant pre-tax profits were slightly down from £1.2m to £1.1m.
The growth has continued in the last 13 weeks, with like-for-like trading up slightly on last year when sales were boosted by the pre-millennium rush.
Tim How, chief executive, said: ''These results reflect the continuing progress of the company, even after the strong sales that the millennium period offered.''
He added the aim for next year was to celebrate Majestic's 100th UK store, having recently taken the tally to 93 with new outlets including a site in Darlington.
Several more stores are expected to open in the first half of 2001
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article