Uncertain Future For Wine Shop

Market Harborough’s Majestic Wine store on St Mary’s Road faces an uncertain future after the specialist wine retainer announced some shops will close.

How many of the 200 branches nationwide will go won’t be revealed until June, although the shops remaining will be re-named ‘Naked Wines’ – the title of the on-line arm of the business.

The company added it was on target to hit sales of £500m this year, and profits were also on track.

The new plan includes raising the amount it spends on attracting new customers to Naked from £20m currently to £26m by next year.

Analysts at Liberum called the move “a drastic and unexpected change in strategy”.