Subscriber login Close [x]
remember me
You are not logged in.

Bargain Booze reports sales lift as profits slip

Published:  03 October, 2012

Strong price promotions and convenience retail formats have lifted off-licence group Bargain Booze's sales to £395 million.

The figure, to 30 April 2012, was up £14 million on 2011.  However, profits fell 7.7% to £11.5 million.

Keith Webb, acting managing director for Bargain Booze, said: "The steady growth of our revenues over the past few years highlights the strength and resilience of our business model, which is underpinned by competitive buying and first class support for our franchisees across merchandising, marketing and business development."

The company, which operates 670 franchisee-owned stores is also lobbying for a "fairer deal for independent licensed retailers by urging the government to take a tougher stance on duty fraud".

Bargain Booze's reported revenue during the year reflects the wholesale prices at which it sells products to its franchisees.