Archive: June 2016

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…

Current Pub & Restaurant Trading in 60 Seconds…

LfL sales down 1.4% in May in worst month since March 2013: Coffer Peach data rather disappointing to say the least New capacity meets sluggish demand, LfL sales down 1.4% Total sales still up 2.2% (and that’s not including new-entrants, smaller operators etc.) Pubs vs restaurants, London vs the Provinces: Britain needs a drink. Pubs…

The UK Coffee Market: Independents vs. Incumbents

While other markets falter, coffee prospers In most evolving industries, at some point, the disruptive new entrant becomes the familiar incumbent. Langton was struck by this thought while noting the continued success of coffee operators around Spitalfields. The number of coffee outlets in the UK has almost trebled in the last six years to nearly…

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