Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 5°C


Retail: Bargain Booze and Wine Rack owner reports increased first-half profits and strong Christmas trading

10:59 20 January 2014

Bargain Booze owner Conviviality Retail has reported increased first-half profits.

Bargain Booze owner Conviviality Retail has reported increased first-half profits.


Franchised off-licence group Conviviality Retail today reported a near-14% increase in first-half profits, and said the second half would benefit from strong trading over the Christmas period.


The company, which owns brands including Bargain Booze, Thoroughgoods and Wine Rack, together with Select Convenience which involves small food stores operated alongside Bargain Brooze outlets, said group profits before exceptional items grew by 13.6% in the 26 weeks to October 27 to £2.2million

Group revenues were 5.1% lower, at £183.7million, but like-for-like retail sales by franchisees were 1.5% up, which Conviviality said reflected a drive to improve the quality of its estate.

This saw the number of stores excluding Wine Rack, which was acquired in August − fall in line with expectations to 592, against 616 at the end of the previous year.

And the group, which floated on the AIM market last July and includes more than a dozen branches in East Anglia, added that retail sales for the two weeks to January 5 were 2.8% up on the previous year, including 21.8% growth for Wine Rack.

Chief executive Diana Hunter said “We are pleased to announce our first half year results as a listed company in what has been a period of considerable change for the business.”

She continued: “As anticipated store numbers and therefore revenues have reduced in the first half of this financial year; this reduction is in line with our expectations and is consistent with our aim of improving the quality of our store estate.

“Work is underway to build a strong pipeline of new stores in higher quality locations for both Bargain Booze and Wine Rack and convert this pipeline to drive sales growth in future years.”

And she added: “Our focus over this Christmas trading period has been to drive profitable sales for our franchisees and Conviviality. Performance in the two weeks to January 5 delivered strong like-for-like retail sales growth of 2.8%.

”The average sales per store increased year on year by 5.7% an encouraging indicator of the improving quality of the store estate.”



Bad weather in Felixstowe.

Properties are at risk from flooding at Bawdsey Quay and Felixstowe Ferry, the Environment Agency has warned.

Former Ipswich Town manager Sir Bobby Robson

Tonight sees the close of this year’s Sir Bobby Robson online auction which is predicted to raise more than £100,000 for charity.

Ipswich Crown Court.

A 67-year-old west Suffolk garage owner who sexually assaulted and raped three schoolgirls more than 25 years ago has been jailed for 19 years.

Some of the UCS Choir members who will be appearing on Songs of Praise on television

University Campus Suffolk’s new choir is to appear on BBC Songs of Praise

Felixstowe mayor Doreen Savage switches on the lights helped by Elise Gorski, Peggy Osborne, and Ash and Lila Tadjrishi.

It’s a problem faced by millions of families across the country every year.

Domestic violence reports increase

Domestic violence reports soared by 12% in Suffolk last year with more than 2,000 recorded incidents involving male victims, police have said.

The close-knit Smith family in 2006: Matt, Wendy, Nikki and Barry

It can be upsetting and lonely having a child with a disability, but Wendy Smith would rather shout about the many positives. Steven Russell hears how love and kindness trumps any anger and bitterness

Woman conned by bogus caller (Stock photo)

A Hadleigh woman who lost £2,500 in a police scam has warned others to be alert to the crime.

Members of the nursing team at Ipswich Hospital.

Carers and visitors of people being looked after at Ipswich Hospital will next month be able to spend more time with patients as new extended visiting hours are introduced.

She was last seen in the area of Downside Close in Ipswich.

A woman reported missing to police on Saturday has been found safe and well following a public appeal.

Most read

Most commented

Topic pages

Local business directory

Suffolk's trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the Ipswich Star e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24