February slump affects sales growth for Majestic Wine

A February sales slump is to blame for lower-than-expected profits for Majestic Wine this year, reports the retailer. "February ... really knocked us off our stride. We thought we would come out ahead this year, but the month has wiped out growth," said CEO Steve Lewis. The company plans to build a new distribution facility, open two more stores and invest in its online platform as well as staff training this year.

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