Archive: October 2017
The Times They Are A Changin’ Landlords have profited from the boom in casual dining. Low interest rates, deep pockets, and lots of vacant A1 units have encouraged growth. Supply is reaching a tipping point, particularly in London; the market is saturated. Interest rates, input costs, wages, competition, etc. have led operators to trim their…
The High Street and department stores must fill the vacuum left by online retailing. This might entail a shift towards a wider variety of leisure pursuits.
It’s tough out there — the data says so. Coffer Peach shows a flat summer followed by a negative September (LfL sales -0.9%, inflation +2.7%). Surprises: London underperformance (-1.6% vs. -0.7% in the regions) and restaurants faring worse than pubs (given the wetter, colder weather).
A desperate situation?
Film is (or has been) a proxy for Leisure Park attendances.
But data from the US shows both production and demand wilting.
It had been hoped that rebooting 70s classic would revitalise the industry.
In 2016 we experienced a remarkably warm September with a mean temperature across the UK of 14.6°C, up 2.0°C on the average. September 2017 was 12.6°C on average, a whole 2.0°C lower than last year. What effect could this change have had on the market?