Bargain Booze owner Conviviality has reported a 10% rise in retail sales for the first half of its financial year, partly driven by vaping trends.
Sales for the 26 weeks ending 29 October 2017 increased year on year from £184m to £203m. Conviviality said vaping products, which include e-liquids and machines, are now available in 418 Bargain Booze shops.
Paul Stephenson, of Bargain Booze in Barrow-in-Furness, told RN vaping is important for his store. “It definitely contributes to our weekly sales of £30,000. We have over 100 different e-liquid flavours and the margins are decent at 35%.”
Conviviality chief executive Diana Hunter added: “Our stores now have the full vape range to complement the destination off-licence and convenience proposition.”
The increase comes as the company recorded a 13% drop in pre-tax profits from £7.4m to £6.4m in the same period.
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