Leisure Spending, JDW, Brexit
Leisure & the Brexit vote – Assessing the Impact
The initial financial impact. 52% of voters (38% of the electorate) voted to leave the EU on 23 June The FTSE100 fell then rose. It is now +3% since 23 June. But FTSE100 is an international index. In US$ terms (pound down 13%), it is down 10%. The largely domestic FTSE250 is down 9% in…
Brexit and Leisure Spending…
Britain has voted 52:48 to leave the EU. Despite the likelihood it was a protest vote gone wrong, Britain has voted to leave the EU ‘Democracy must be served’ say hard-core Brexiters, Juncker & anti-UK nutters in Brussels But for the moment, nothing – other than the vote – has happened. Article 50 may be…
Innovation & brand extension in casual dining. Change is the only constant…
Innovation & Brand Extension in Casual Dining… Franco Manca opens in Debenhams Westfield, sharpens click & collect offer… The fast-growing Franco Manca might soon be opening concessions in up to 30 Debenhams sites, as highlighted in the retailer’s latest trading update (see 3rd last para – http://tinyurl.com/hgfqnt5) Debs’ Westfield White City store will shortly house…
Margin watch. Rising costs threaten profitability over the medium term…
Some costs are rising but the CPI isn’t… Labour & commodity prices up, CPI stuck at 0.3% The oil price has doubled in 3mths, sugar is +71% on a year, OJ is +41% Soybeans are +19% & even coffee, corn & pigs (+6%, +9%, +15%) cost more NLW and NMW are jacking labour costs by…