Conviviality Retail posts -1% drop in like-for-like annual sales

  • Print
  • Share
  • Comment
  • Save

Conviviality Retail has announced a -1.0% decline in like-for-like sales in its franchisee stores for the year to 30 April 2017, with total sales increasing 6.1%.

The Bargain Booze owner saw 39 new franchisees join the group over the year and 23 franchisees increased their store portfolios, bringing the total number of franchisees to 352 and more than 700 retail stores.

In the second half of the year franchisees enjoyed a 0.5% increase in like-for-like retail sales.

Diana Hunter, chief executive officer of parent group Conviviality, said: “I am pleased to report a strong set of results that demonstrate our focus and commitment to serving our customers well, working in partnership with our suppliers and delivering against our strategic plans.

“The balance we have created across the enlarged Group, and resilience this creates, gives us confidence in the future success of the business.

“Importantly the culture that we have created at Conviviality, with its entrepreneurial and innovative focus, remains true across the group and we firmly believe there is exciting potential for significant organic growth for our businesses, with further potential opportunities to build on the current platform.”

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Bargain Booze
  • Print
  • Share
  • Comment
  • Save
Sign in

Newsletter Sign-up

I wish to receive the following newsletters:

FOLLOW US