Category: Casual Dining
Coffer Peach Tracker: Could have been (much) better…
Tracker headline ‘Britain enjoys summer by still eating & drinking out’ doesn’t tell full story: Says LfL sales +0.6% & frames this as a success But CPI is +0.6% so above implies no growth NLW, NMW etc. mean labour costs +5% & inflation re F&B in the pipeline And c5.6% increase in unit numbers could…
Over-expansion, cheap money & fabricated demand
Restaurant Group & Ed’s Easy Diner have said that they are to dispose of units: Restaurant Group has said that it is taking ‘catch up action on underperforming sites’ It is to close 33 units Ed’s has also said that it is to consolidate its position & exit 3 units RTN and Ed’s are unlikely…