Get the app today! App Store Play Store

People Move Online For Wine As Coronavirus Shuts Pubs: Naked Wines

Published on Apr 15 2020 5:45 AM in Technology tagged: Trending Posts / Naked Wines / Majestic Wine / Coronavirus

People Move Online For Wine As Coronavirus Shuts Pubs: Naked Wines

Britons and Americans stuck in coronavirus lockdowns may not be drinking in bars and pubs but they are ordering more wine for delivery, online seller Naked Wines said on Thursday, predicting 2020 sales would now top existing forecasts.

Sales by the company, best known in the United Kingdom as the online business developed by Majestic Wine before the chain was sold last year, will now top £200 million for the whole of 2020, it said.

Online Shopping Increase 

"In the short term, the introduction of social distancing has accelerated the shift in consumer buying behaviour towards online," Nick Devlin, chief executive officer said.

"In the US, especially, I believe the current period could serve as an inflection point for the growth rate of the online category, and as the largest direct to consumer player in the US market we are well positioned as customers move online."

The London-listed company said grape harvests and wine production have been able to continue largely unaffected by the pandemic as winemakers are considered agricultural.

It temporarily stopped taking new orders in the middle of last month after an unprecedented surge in business as Britons stockpiled food and drink.

The company said it was now operating with extended delivery times in all its markets but had adequate stock.

News by Reuters, edited by Checkout. Click subscribe to sign up for the Checkout print edition.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email