Majestic Wine to close some stores and rebrand under Naked brand in bid to focus online
(WorldNews Business)

Majestic is to close some of its 200 UK stores and rebrand as Naked Wines as it seeks to focus on its online business. The UK´s largest specialist wine retailer makes 45 per cent of its sales online and 20 per cent overseas, particularly in the US and Australia. Like many British retailers it has been faced with declining sales on the high street and intense competition from online sellers who have lower costs. We´ll tell you what´s true. You can form your own view. From 15p EUR0.18 $0.18 USD 0.27 a day, more exclusives, analysis and...