Bargain Booze reports sales lift as profits slip
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.
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56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
