Naked Wines Posts Stellar June Sales As Online Orders Surge
Online wine seller Naked Wines saw its sales surge 67% in June compared with last year as orders continued to rise even after the easing of the coronavirus-triggered lockdown in Britain.
The company also announced the departure of chairman John Walden, who has led the group through the sale of the Majestic Wine business to rebrand into a purely online retailer. Walden will be succeeded by non-executive director Ian Harding.
"It was a difficult personal decision to step down at this juncture however, it is the right decision for myself and Naked Wines," Walden said in a statement. "I leave the business in a strong position to grow and to realise its promise for an extraordinary future. I wish the team every success in the years to come."
Naked Wines, which has seen stellar growth in sales as British households ordered wine online during the lockdown, said first-quarter sales are now up 77%, although persisting market uncertainty means it could not provide forecasts for the year.
"The Board continues to believe that Naked is ideally positioned to be a long-term winner from the inflection in consumer demand for online wine as a result of the COVID-19 pandemic," it said in a trading statement.
The company had to temporarily stop taking new orders in May after an unprecedented jump in sales.