Virgin Wines posts sales rise and brushes off supply chain crisis
Virgin Wines has announced a jump in sales and said it was confident it would avoid the supply chain chaos affecting other retailers because it had stocked up for this Christmas last year.
Shares in the online drinks retailer, which floated on the London Stock Exchange earlier this year, rose after it said it had begun making preparations in 2020 to “mitigate any issues around lack of stock availability” and expected to have a full range on offer.
Shoppers have begun buying Christmas dinner items, including turkey, much earlier than usual this year in response to widespread supply problems in the food and drink sector caused by a shortage of HGV drivers and warehouse staff that has led to empty shelves and reduced ranges in supermarkets.
Some
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