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 sales rose by 73% in July

Naked Wines has said it expects total sales for July to be 73% ahead of the same month last year after new customers acquired during the… View Article

FOOD AND DRINK NEWS UK

Naked Wines sales rose by 73% in July

Naked Wines has said it expects total sales for July to be 73% ahead of the same month last year after new customers acquired during the Covid-19 pandemic made further purchases.

In a trading update ahead of its AGM, the company said the increase will bring total sales growth in the first four months of its new financial year to 76%.

Nick Devlin, Naked Wines chief executive, said: “I’m pleased to report continued strong rates of new customer growth and particularly strong repeat trading momentum as we see evidence of new customers recruited during the Covid-19 pandemic converting to repeat customers. I’m especially grateful for the incredible work of our teams around the world who have enabled us to deliver this step change in performance under challenging operating conditions.”

New and repeat customer sales in the period have risen by 185% and 58% respectively. As a result of the uplift, Naked Wines is predicting that total sales in its full year will be around 40% higher than in the previous 12 months. 

Devlin added: “The evidence we are seeing across our markets is consistent with our view that Covid-19 has served as an inflection point for the online wine market, with Naked uniquely placed to benefit from that. We have the balance sheet strength and operational agility to enable Naked to continue to focus on ways to accelerate growth and take advantage of the opportunities presented by the new and evolving consumer landscape.”

 

Subscribe For Retail News