Naked Wines
This coverage analyses Naked Wines’ evolving strategy and performance within the UK retail sector. Reporting includes leadership changes, financial results, marketing initiatives, and customer engagement efforts — all examined for their impact on sales, profitability, and market positioning. The content is tailored for retail executives, brand managers, and professionals overseeing operations in the online wine retail industry.
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Nov- 2023 -13 NovemberNews
Today’s news in brief-13/11/23
Retail theft is projected to cost UK retailers £7.9bn in 2023, with a notable increase in employee theft. Thruvision Group plc and Retail Economics conducted the research, revealing that shoppers contribute to 60% of the theft (£4.7bn), while employees, particularly in distribution centres, contribute 40% (£3.2bn). Employee theft in DCs…
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13 NovemberLuxury Goods
Majestic Wine plans 50 new store openings
Majestic Wine is planning to expand its high street presence with the opening of 50 more stores over the next four or five years, its boss has told The Telegraph. CEO John Colley told the paper that brick-and-mortar sites will remain “sacrosanct” for the group, which has already opened 15…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberOnline & Digital
Naked Wines slashes full-year guidance as CEO exits
Naked Wines has lowered its full-year guidance amid a period of difficult trading, alongside news that CEO Nick Devlin is stepping down from his role with immediate effect. With recent trading in the US being lower than expected, the group now expects full-year revenues to fall by 12% to 16%,…
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Oct- 2023 -31 OctoberNews
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September, marking the lowest rate since August 2022. Non-food inflation also declined to 3.4%, the lowest since September 2022. Food inflation decelerated to 8.8%, and fresh food inflation decreased to 8.3%,…
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31 OctoberPeople Moves
Naked Wines appoints Rodrigo Maza as UK MD
Naked Wines has announced Rodrigo Maza as its new managing director for its UK business. Maza joins from AB InBev where he was most recently expansion markets managing director. He also spent over 17 years at Mexican brewery Grupo Modelo, rising to the position of sales execution manager. He succeeds…
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Sep- 2023 -20 SeptemberNews
Today’s news in brief-20/09/23
Dunelm announced record sales in its full-year results, with revenues rising by 5.5% to £1.64bn. However, profits fell by 7.7% to £192.7m. The company attributed the strong sales to cost reductions on over 1,000 products and the strength of its product range. Dunelm also invested over £20m in digital operations…
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20 SeptemberNews
Naked Wines swings to £15m loss in FY23
Naked Wines chairman Richard Gormley has issued an apology to shareholders after it reported a loss of £15m in 2023, compared to a profit of £2.9m last year, according to its full year results for the 53 weeks ending 3 April 2023. The group attributed its losses to non-cash goodwill…
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Jul- 2023 -5 JulyHigh Street
Naked Wines appoints former founder as chair, delays FY results
Naked Wines has announced the appointment of founder and former CEO Rowan Gormley as its new chairman. The wine retailer also announced a delay to the release of its full-year results that were set to be released on 6 July but said it expects FY EBIT to come in at…
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Mar- 2023 -13 MarchHigh Street
UK retailers reassure investors amid Silicon Valley Bank collapse
UK retailers THG, Moonpig, and Naked Wines have moved to reassure investors of their financial security following the collapse of US-based Silicon Valley Bank (SVB) last Friday (10 March). The news comes after SVB was shut down by US regulators on Friday, with its UK arm thought to have around…
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