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CommentWire
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By investing in a joint venture to learn from the upmarket coffee chain Taylor Street, Tesco is highlighting the increasing interest of grocers in the foodservice sector. The retailer has learned from the unsuccessful standalone venture of competitor Sainsbury's and will take a more subtle role in researching the market before possible entry.
Published By Datamonitor
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16 Aug 2012 |
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Expert View
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Majestic has posted another year of solid growth as it continues to dominate specialist wine sales. In a market that has been increasingly difficult for specialists, Majestic has managed to use its strengths in customer engagement alongside a knowledgeable workforce to secure loyal customers. While its goal of 330 UK stores seems ambitious Majestic is working on improving its online proposition.
Published By Datamonitor
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21 Jun 2012 |
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Expert View
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Majestic Wine has announced a strong set of full-year results, with group sales up by 15.6% to GBP233.2m. The retailer has also produced an 8.4% uplift in its UK like-for-like sales and profits before tax are up by 117% to GBP16.0m. Though Majestic has benefitted from external events, the retailer has worked hard to improve its offer, and Verdict forecasts that it will continue to outperform.
Published By Datamonitor
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14 Jun 2010 |
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Following the success of its pilot store in Cardiff, Starbucks has partnered with Euro Garages to open 30 drive-through coffee shops across the UK, at both service stations and as standalone sites. Starbucks' brand value, the convenience of the drive-through format, and a growing trend of eating-on-the-go among young consumers suggest that this collaboration has every chance of being a success.
Published By Datamonitor
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18 Mar 2010 |
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Expert View
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First Quench, operator of Threshers, The Local, Wine Rack and Haddows fascias, has entered administration. It is looking to restructure itself and hopes to be sold as a going concern. While the market has become increasingly challenging, internal factors have played a significant part in the decline of the business. Indeed, whether it will become successful if it does return remains to be seen.
Published By Datamonitor
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30 Oct 2009 |
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Expert View
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Despite a weak like-for-like performance, LVMH reported marginal growth in a tough economic climate for the first quarter of 2009. While LVMH is in a stronger position to weather the storm than some rival luxury players due to its strong brands and extensive geographical spread, sales are likely to decline further in the year ahead as the economic downturn shows little signs of improving.
Published By Datamonitor
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23 Apr 2009 |
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Thresher, the wine specialist owned by the private-equity backed First Quench group, is looking increasingly likely to be the next name to disappear from the high street. Indeed, in a bid to consolidate its operations in the face a downturn in spending, First Quench is set to embark upon a mass store closure and redundancy program, which is likely to signal the end of the fascia.
Published By Datamonitor
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23 Jan 2009 |
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Expert View
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Wine specialist Majestic Wine has reported an 11.0% uplift in sales and a 4.9% increase in like-for-likes in the year to April 2, 2007. Its strong focus on fine wines has helped bolster profitability for the fourteenth consecutive year - up 14.1% to GBP16.2 million. Its highly knowledgeable staff, solid expansion strategy and increasing multichannel credentials position it well for future growth.
Published By Datamonitor
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26 Jun 2007 |
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CommentWire
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Terra Firma has sold Thresher Group, which owns The Local, Wine Rack, Victoria Wine and Threshers off-licences, as well as Haddows in Scotland, to a private equity consortium. While scale places Thresher in a stronger position than many rival off-license groups, it still faces fundamental challenges in attracting shoppers, as grocers open further convenience stores in its catchments.
Published By Datamonitor
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06 Jun 2007 |
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CommentWire
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Majestic's focus towards premium wine, coupled with its strategy of encouraging customers to bulk buy has continued to deliver growth. The company has carved itself a niche, creating a model capable of defending itself from the ongoing march of the grocers and the recent, elaborate promotional threat by Thresher.
Published By Datamonitor
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04 Jan 2007 |
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