THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Naked Wines full year performance driven by repeat customer sales and strong retention

Naked Wines has seen its full year group sales increase by 5% on a constant currency basis as improvements to its customer experience and product range paid off…. View Article

FOOD AND DRINK NEWS UK

Naked Wines full year performance driven by repeat customer sales and strong retention

Naked Wines has seen its full year group sales increase by 5% on a constant currency basis as improvements to its customer experience and product range paid off.

In a trading update, the company said sales climbed by 77% at constant currency in the year to 28 March compared to two years ago, prior to the impact of the pandemic.

Shawn Tabak, Naked Wines chief financial officer, said: “We delivered full year results in-line with our expectations highlighted by strong execution, expense control and positive EBIT.  Our balance sheet remains sound; after a year of building back our inventory levels globally, we ended our fiscal year with cash of approximately £40 million.”

Meanwhile, the company’s sales retention was 80% versus its mid-70s guidance and repeat customer sales increased by 13% year-on-year on a constant currency basis.

Nick Devlin, Naked Wines chief executive, added: “I am especially pleased to see the improvements to our customer experience and product range reflected in sustained retention rates above our expectations. I look forward to further outlining our plans for long-term growth at our full year results presentation in June,”

 

Subscribe For Retail News