Harpers is reporting that the renowned wine retailer Oddbins has taken a significant turn by closing the physical aspect of its business, signalling the end of an era for a brand that was once a staple on UK high streets. Oddbins, known for its diverse and quality wine offerings, faced challenges in regaining its pre-pandemic trading levels, struggling with reduced footfall and changing customer buying habits.
The company, established in 1963, reached its peak with 278 stores across the UK, famed for its unique and intriguing wine selections. However, the last decade has seen a series of financial difficulties, leading to a gradual reduction in its physical presence. In 2011, Oddbins closed a third of its stores, and further downsizing continued over the years. The European Food Brokers group acquired several stores, but the rest were closed by administrators. Another significant blow came in 2019 when Oddbins entered administration again.
Recent efforts to save Oddbins included the proposed sale of its remaining stores, which once numbered in the hundreds. However, despite these measures, the retailer has been unable to sustain its physical outlets. Reports indicate widespread closures across its 15-strong portfolio, with numerous stores cleared and stripped of stock.
Employees, managers and loyal customers have expressed their sadness online, reminiscing about their local stores and the unique experiences Oddbins offered. Oddbins is pivoting towards an online presence, hoping to repay the loyalty of its supportive suppliers and adapt to the evolving retail landscape.
