All Naked Wines articles
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NewsNaked Wines has narrowed its losses and said its turnaround plan is working
Naked Wines has insisted it’s in a “better position” as it narrowed its losses for the first half of its financial year.
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NewsNaked Wines losses are deepening amid sales slump
Naked Wines has reported deepening statutory losses and a fall in sales as it confirmed the appointment of its new chief financial officer.
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NewsNaked Wines CFO steps down as the retailer acquires a new credit facility
Naked Wines’ chief financial officer will be stepping down from his role at the wine specialist as the company agrees on a new $60m credit facility.
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NewsNaked Wines names new chief executive
Naked Wines has named Rodrigo Maza as its new chief executive as Rowan Gormley moves back to his former non-executive chair role.
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NewsNaked Wines sales slip as repeat customer base shrinks
Naked Wines said that constant currency sales were down over peak trading but are steadily improving, despite its average repeat customer base shrinking by 12%.
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NewsNaked Wines losses widen and sales fall
Naked Wines has reported a loss and a drop in sales as it starts moving towards “sustainable cash generation”.
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NewsNaked Wines reports ‘foundations laid to focus on profitable growth’
Online specialist Naked Wines has said its focus on profitability will pay off despite suffering a statutory full-year loss.
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NewsRetailers reassure on financing following Silicon Valley Bank collapse
Retailers have reassured investors that operations and trading will be unaffected by the crisis at Silicon Valley Bank’s UK arm.
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NewsNaked Wines increases profit guidance following ‘solid festive trading’
Naked Wines has increased its full-year adjusted EBIT after a solid trading period in the quarter ending December 26.
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Opinion‘As retailers call founders to the rescue, long-term success can’t depend on them’
Several retailers in recent weeks have hoped their founders and former leaders can turn their fortunes around – but strong businesses are not one-man shows, writes George MacDonald
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NewsTroubled Naked Wines parachutes founder Gormley in as adviser
Naked Wines has appointed founder Rowan Gormley, former chief executive and still a “material” shareholder, as a board adviser as it reviews its business.
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AnalysisAnalysis: Five things you need to know about booze specialist Naked Wines
Naked Wines has virtually doubled in size since selling Majestic just two and a half years ago, but its share price tumbled 40% last month after it warned sales and profits would take a hit this year amid “greater uncertainty” in the economy
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NewsNaked Wines back in the black as subscriptions rise
Naked Wines has reported strong growth as its bid to increase repeat customers and subscriptions pays off.
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NewsNaked Wines posts sales rise as business improvements bear fruit
Specialist retailer Naked Wines has posted an increase in full-year sales and expects results to be in line with expectations after it beat customer retention expectations.
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AnalysisWho will be the retail winners and losers of 2022?
Which retailers will fly and flop in the year to come? We asked retail experts to share their tips for 2022.
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NewsNaked Wines returns to profit as it stockpiles booze ahead of Christmas
Naked Wines has bounced back into the black and increased its stock levels as the pureplay prepares for its “largest holiday season” to date.
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Retail Navigator AnalysisNaked Wines (Overview)
Naked Wines is an online-only wine specialist with a mission to disrupt the wine industry for the benefit of customers and winemakers.
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Retail Navigator AnalysisNaked Wines (SWOT)
Naked Wines’ split from Majestic Wine has allowed it to focus solely on its online platform and the development of its customer acquisition and retention strategy which is centred around subscriptions and its Angel investment proposition. The retailer also benefited from the shift in more consumers online as a result of the pandemic, although its position has weakened since then.
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Retail Navigator AnalysisNaked Wines (People)
Nick Devlin stepped down as chief executive in early November 2023 after Naked Wines reduced its full-year guidance due to “weaker than anticipated” US sales. Founder Rowan Gormley became executive chairman on an interim basis until a new CEO was appointed. However, in early 2024, Rodrigo Maza was appointed group chief executive designate and in April 2024 he was confirmed as CEO.
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Retail Navigator AnalysisNaked Wines (Financials)
Naked Wines total revenue fell 18% year on year to £290.4m for the 52-weeks to 1 April 2024 from £354.0m the previous year (53-week period) as the retailer continues its turnaround plan. Naked’s operating losses narrowed to £11.8m in FY2023, from £14.3m the previous year, although pre-tax losses widened to £16.3m in FY2023 from £15.0m the year before. The retailer said it has “made substantial progress in returning Naked to profitable growth”.