All articles by Hannah Currie – Page 24
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NewsNWTC sees record weeks of sales
New World Trading Company has hailed an “exceptional” period of peak Christmas trading, generating double-digit LFL sales in its first uninterrupted December since 2019
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Analysis & InsightImproved consumer confidence boosts eating out market
Easing inflation and reduced industrial action has bolstered consumer confidence, with eating up participation growing 7.5ppts year-on-year to 56.2% in November
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NewsHospitality ‘not feeling the benefit’ of inflation drop
The financial burden on pubs and restaurants remains a challenge for many, despite inflation hitting its lowest level in over two years as it falls to 3.9% in November
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NewsBrewDog toasts ‘busiest ever week’ with £3.54m bar sales
CEO James Watt revealed that the craft brewer has welcomed 16.7m customers to BrewDog bars in 2023.
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NewsKFC franchisee Soul Foods reaches 400 site mark
The family-owned business, which operates KFC, Starbucks and Taco Bell franchises, has opened eight new stores in the last quarter.
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NewsGiggling Squid sales ahead of pre-pandemic levels
Turnover for the Thai restaurant group increased by 11.3% to £73.3m in the year to 2 April 2023 (FY23), up from £65.9m the year before.
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NewsTortilla adapts to changing market
The company’s performance is expected to be slightly behind previous forecasts due to “subdued consumer confidence” impacting demand across the eating out market, in particular during Q4
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Analysis & InsightDraught sales up 7.4% boosted by office Christmas parties
Footfall has increased 2.1% compared to last year as consumer dwell time grew 3.3%, according to the Oxford Partnership
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NewsHospitality inflation remains stagnant
ONS data shows inflation continues to soften across the wider economy, however in the restaurant and hotel sector it remained at 7.5% this month
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Analysis & InsightTakeaway sales drop as consumer habits evolve
Consumers have changed their at-home ordering habits in recent years, moving away from the collection of meals in favour of delivery to the door, according to CGA by NIQ
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NewsWells & Co adds two French sites
It marks the Bedford-based brewery’s first purchase in France since 2019 with the addition of two pubs, the House of Parliament and HMS Victory in Bordeaux
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NewsSquare Mile set for flurry of new pubs as City footfall rises
Transport for London (TfL) figures show the Underground reached 4m journeys in a single day, with overall journeys close to pre-pandemic levels
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NewsGovernment publishes tipping code of practice
The draft code of practice states employers should use a clear and objective set of factors to determine the allocation and distribution of tips, and will come into effect on 1 July 2024
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NewsWingers signs 30 store development deal
The deal will see the chicken wing brand grow in West London and the Thames Valley, with at least two new stores expected to open before the end of 2024
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News10,000 Scottish hospitality businesses ‘hang in the balance’
Thousands of businesses are ineligible for the small business bonus scheme, and will be left unsupported if rates support isn’t included in the Scottish Budget
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NewsDes Gunewardena to open new flagship restaurant
The new restaurant at The Royal Exchange marks the first project for Gunewardena since his departure from D&D, with a planned opening set for May 2024
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, including German Doner Kebab, Rio, Cinnabon, and more
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NewsTech plays ‘essential’ role in staff retention
Four in five hospitality leaders agree that tech can increase staff productivity, while three in five think it improves employee engagement
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Analysis & InsightGreggs reaches 500th franchise store
The food-to-go retailer opened 71 franchised units in 2023, and continues to target convenient locations such as motorway services areas and petrol filling stations
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NewsFSA agrees restaurants must put allergy information on menus
The food standards agency has said it would like to see written allergen information be mandated in the non-prepacked sector, including restaurants and coffee shops