Virgin Wines posts sales rise and brushes off supply chain crisis

Asia's Tech News Daily

Virgin Wines has announced a jump in sales and said it was confident it would avoid the supply chain chaos affecting other retailers because it had stocked up for this Christmas last year.

Shares in the online drinks retailer, which floated on the London Stock Exchange earlier this year, rose after it said it had begun making preparations in 2020 to “mitigate any issues around lack of stock availability” and expected to have a full range on offer.

Shoppers have begun buying Christmas dinner items, including turkey, much earlier than usual this year in response to widespread supply problems in the food and drink sector caused by a shortage of HGV drivers and warehouse staff that has led to empty shelves and reduced ranges in supermarkets.

Some retailers have resorted to using cardboard cutouts of fruit and veg to hide the gaps. The chief executive of Sainsbury’s, Simon Roberts, said on Thursday that the company was making every effort to lay its hands on stock, but customers may have to settle for a “good alternative” to what they were looking for.

Virgin Wines shares also rose on Wednesday, after the chancellor, Rishi Sunak, announced sweeping changes to alcohol duty in his autumn budget, including an immediate tax freeze that came into effect at midnight.

The broader duty system will be overhauled to make it simpler, with all alcohol taxed in line with strength.

Virgin Wines, which is part of Richard Branson’s Virgin Group, reported strong sales figures that suggested it had prospered from the accelerated shift to online grocery ordering during the pandemic.

Firms that deliver alcoholic drinks have been particularly well-placed to benefit, with pubs and wine bars forced to close for much of the past 18 months because of restrictions to curb the spread of Covid-19.

Virgin Wines reported a 13.3% rise in sales during the three months to September compared with the same period of last year, and a 10.7% rise in customer numbers. Sales for the year to June were £73.6m, up by 30% on the previous year.

Pre-tax profits fell from £2.8m to £1.7m, but only because of a one-off £3.5m cost related to the company’s stock market float.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Coronation Street spoilers – Curtis Delamere's sick lies about illness EXPOSED; plus EastEnders latest & Emmerdale news

IT'S no secret that Christmas in Albert Square tends to be deadly and as the festive schedule is confirmed the drama will soon be unwrapped. EastEnders' bosses have revealed its ... Read more »

Video: EXCLUSIVE: Is it Bigfoot or a man in a suit? Experts use AI and computer vision to determine if the famous 1967 Patterson-Gimlin film that claims to have captured the creature in California is real or a hoax in the latest 'The Proof is Out There' episode

Read more »

Scottish rugby star Siobhan Cattigan dead at 26

Siobhan Cattigan’s death caused an outpouring of condolences on social media. Scottish Rugby Scottish rugby player Siobhan Cattigan died last week, her Stirling club confirmed. Cattigan, known by her teammates ... Read more »

India on its way to achieve population stabilisation: MoS Health

India is on its way to achieve population stabilisation, Minister of State for Health Bharati Pravin Pawar informed the Lok Sabha on Friday. She said the Total Fertility Rate (TFR) ... Read more »

Video: The Bachelor's Cassie Randolph gets a kiss from beau Brighton Reinhardt as she hits red carpet just before Colton Underwood's controversial docuseries

Read more »

US COVID-19 daily deaths rise to 3,800 - the highest in three months

© Provided by Daily Mail MailOnline logo COVID-19 cases and deaths are rising across the United States as the Omicron variant continues to spread around the country. On Thursday, officials recorded ... Read more »

Omicron : West Bengal government orders 7-days isolation, RTPCR to continue

West Bengal government on Friday directed that travellers from countries affected by Omicron to the state will be required to stay in isolation for seven days, a senior official said. ... Read more »

If you have an old car it could soon be tax exempt – from Ford Sierras to MG Metros

THE Queen had been on the throne for three decades. It was the year that saw the Falklands War, as well as the births of William and Kate. This is ... Read more »

Customers ‘tricked' into paying £500 more for energy – here's what to watch out for

SNEAKY energy firms are tricking households into signing up for rip-off fixed tariffs costing £500 more than the cheap variable deals. One major supplier is offering cashback to customers for ... Read more »

Government brings bills to extend tenures of ED, CBI chiefs

The government on Friday introduced two bills in the Lok Sabha to extend the tenures of directors of the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to up ... Read more »

Biden battling cold he caught from kissing grandson as he coughs his way through speech

JOE Biden said on Friday that he has a cold, which he caught from kissing his grandson. Biden coughed his way through a speech at The White House, where he ... Read more »

EM flows tumble in November from year-ago record: IIF

NEW YORK: Portfolio flows to emerging markets slowed by $100 billion last month from a year earlier and decelerated from October, hit by increased bets on tighter U.S. monetary policy ... Read more »

I'm a former Playboy model & OnlyFans star but haven't had sex in two years – I can take it or leave it

A former Playboy bunny and star of explicit content site Only Fans insists she doesn't need sex. Currently working as a model on OnlyFans, Jenna Bentley, 31, who lives in ... Read more »

I thought my little girl was just a bit clumsy but the reality was every parent's worst nightmare

WHEN Chloe Smith's little girl kept coming home from school with bumps and scratches, she assumed her daughter was just a little bit clumsy. The 31-year-old said she would get ... Read more »

Der ZSC entdeckt den Kampfgeist

Die Lions starten beim 5:2 gegen Biel souverän, verlieren dann die Orientierung und beweisen schliesslich, dass sie Erfolg auch erzwingen können. Die Lions starten beim 5:2 gegen Biel souverän, verlieren ... Read more »

Don't be overly generous with bonuses, EU watchdog tells banks

By Huw Jones © Reuters/Ralph Orlowski FILE PHOTO: EU flags fly in front of European Central Bank headquarters in Frankfurt LONDON (Reuters) – Banks in the European Union have swelled ... Read more »

Three int'l air travellers including a child test positive for Covid; TN Govt says tests will only ascertain if Omicron variant

Three international air travellers, including a child, who had arrived in Tamil Nadu from Singapore and the United Kingdom have tested positive for Covid-19 and the government ruled out social ... Read more »

EastEnders fans fume as Tiffany Butcher stays with thug boyfriend Aaron after Keegan's brutal beating

EASTENDERS' viewers were left reeling in frustration after Tiffany Butcher decided to give boyfriend Aaron Monroe another chance following Keegan Butcher's brutal beating. In tonight's episode, Keegan (played by Zack ... Read more »

Der SCB schlecht belohnt mit einem Punkt

Ein grossartiges Zähringer Derby findet erst in der Overtime einen Sieger. Bern verspielt in Freiburg eine 2:0-Führung und verliert 3:4. Ein grossartiges Zähringer Derby findet erst in der Overtime einen ... Read more »

Economy is on recovery path, but hold the celebrations

The Indian economy registered an impressive growth rate of 8.4 per cent in the second quarter of FY22. The gradual re-opening of the economy and an increased pace of vaccination ... Read more »

UK daily Covid cases top 50k on two days in a row for the first time in FIVE months with 50,584 new infections

THE daily Covid cases in the UK have topped 50,000 for two days in a row – fir the first time in FIVE months. There were today 50,584 new cases, ... Read more »

I ordered £800 worth of Black Friday goodies but an EMPTY cardboard box turned up – I'm furious

A MUM was furious after the £800 package she ordered arrived – and it was just an EMPTY cardboard box. Jen Mellor splashed out £550 on the expensive GoPro gadgets, ... Read more »

Omicron: 30 samples sent for genome sequencing, says Maha health dept

A total of 30 samples have been sent for genome sequencing after airport and field surveillance to detect the presence of Omicron, the new variant of SARS-CoV2, the Maharashtra health ... Read more »

Pub offers customers 50 per cent off if they LOCK their phones away during their meal

A PUB is offering 50 per cent off food and drink if they LOCK their phones away during their meal. Bosses at The Silent Woman, in Wareham Forest, Dorset, believe ... Read more »

Fribourg im Derby erneut mit dem besseren Ende

© KEYSTONE/CYRIL ZINGARO Fribourg-Gottéron gewinnt zum sechsten Mal in Folge ein Derby gegen den SC Bern. Ryan Gunderson trifft nach nur 23 Sekunden der Verlängerung zum 4:3. Am Ende überstürzten ... Read more »

I'm A Celeb chaos as Ant is nearly set alight and Dec pops his buttons in show blunders

I'M A Celebrity fans were left chuckling tonight after two massive blunders forced Ant and Dec into redoing their intro. The Geordie duo burst through the doors of Gwrych Castle ... Read more »

Union Berlin bezwingt geschwächtes Leipzig

© KEYSTONE/AP/Andreas Gora Union Berlin und Trainer Urs Fischer bezwingen auch RB Leipzig. In der 14. Runde der Bundesliga siegen die Ostberliner daheim 2:1, wodurch sie den auf dem Papier ... Read more »

Must-know iPhone trick stops ANYONE from bypassing your lockscreen

A VIRAL TikTok video has revealed some very useful iPhone tips and there's one lockscreen trick that may just blow your mind. The three tips include a much easier way ... Read more »

Sebi in process of stipulating disclosures specific to ESG scheme: Ajay Tyagi

New Delhi: Markets regulator Sebi is in the process of putting in place disclosure for mutual fund schemes with the ESG (environment sustainability and governance) theme, its chief Ajay Tyagi ... Read more »

Union neu auf Platz vier: Fischer-Team überrascht Vizemeister Leipzig

© Bereitgestellt von Blick Fischer-Team überrascht Vizemeister Leipzig Am Freitag Union Berlin – RB Leipzig 2:1 Der Schweizer Trainer Urs Fischer setzt sich mit Union Berlin in der erweiterten Bundesliga-Spitze ... Read more »

Nightclubs to CLOSE in Ireland and social distancing to return with masks and limits on indoor mixing over Omicron fears

NIGHTCLUBS will close and social distancing in pubs and restaurants is being reintroduced in Ireland to stem the spread of Omicron before Christmas. Table service will return for diners and ... Read more »

Wayne Lineker's daughter Tia, 22, reveals she's welcomed her first child after traumatic birth

WAYNE Lineker's daughter Tia has given birth to a baby boy. The 22-year-old announced her happy news on Instagram tonight sharing an adorable picture of her cradling the newborn. Tia ... Read more »

These Tips Will Help You Hang Outdoor Christmas Lights Like a Pro This Holiday Season

’Tis the season of lights, so brighten up the holidays—and the neighborhood—by decorating your home with colorful Christmas lights. © Chuck Savage – Getty Images Follow these tips for hanging ... Read more »

‘My son was excluded from school for his shoes – but he's been wearing them ALL year', says furious dad

A DAD has slammed a school after they issued an exclusion for the shoes he's been wearing all year. Damion Norbury says Jayden, 15, was excluded from Newhouse Academy in ... Read more »

How Instagram ‘traps' people with eating disorders in ‘vicious cycle of content'

APPS such as Instagram and TikTok have been accused of failing people suffering from eating disorders despite new 'safe-guarding' tools being introduced. Both TikTok and Instagram have released mental health ... Read more »

Meghan Markle news latest – Prince Harry & Meg's children will get Xmas gifts from Kate Middleton & William despite rift

PRINCE William and Kate Middleton WILL send Christmas gifts to Archie and Lilibet despite their rift with Prince Harry and Meghan Markle, an expert has claimed. The Duke and Duchess of Sussex are expected ... Read more »

Ed Sheeran and Elton John parody festive hits in ‘wild' new Christmas track

ALL Ed Sheeran and Sir Elton John’s Christmases have come at once — as they parody past seasonal hits in their new video. The vid for their own festive track, ... Read more »

X Factor's Craig Colton looks unrecognisable 10 years on from rivalling Little Mix

HE was the former biscuit factor worker with the massive voice, but Craig Colton lost out to Little Mix on The X Factor in 2011. Craig famously wowed during his ... Read more »

Fortive to buy healthcare software maker Provation for $1.43 billion

(Reuters) -Industrial products maker Fortive Corp said on Friday it had entered a deal with Clearlake Capital Group to acquire Provation Software Inc, a provider of software solutions used in ... Read more »

Jurors shown Epstein's massage table, ‘Twin Torpedo' sex toy during Ghislaine Maxwell trial

A sketch of Jeffrey Epstein’s massage table is displayed in court during the trial of his longtime gal pal Ghislaine Maxwell on Dec. 3, 2021. REUTERS A number of key ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic