Independent wine shops have seen their combined turnover go up by 7% over the past year, according to an exclusive survey by The Wine Merchant.
Total sales in the sector now stand at £483.2 million, up from £421 million in last year’s survey.
The average takings per shop, excluding VAT, have risen even more sharply. The figure is up from £617,537 to £681,997, an increase of just over 10%. The survey shows that an average of 70% of turnover comes from shop sales, with a further 22% contributed by wholesale activities and 5% from web orders.
Independents are also far more bullish than they were a year ago. Forty-two per cent say they are “very optimistic” about a sales increase this year, compared to 25% in 2013. The number claiming to be “fairly optimistic” is unchanged at 50%.
The proportion of retailers who feel they are likely to open additional branches in the coming year fell slightly, from 12% to 11%.
More than 120 retailers completed this year’s survey, the biggest study thought to exist in the independent sector.
More analysis of the survey findings appears in the February edition of the magazine. The March edition will discuss other aspects of this year’s data.