All MCA Insight articles in July 2024 – Page 2
-
NewsWatchHouse increases turnover by 56.8% in FY24
Growth was aided by strong like-for-like House sales along with increasing ecommerce sales, the company said
-
NewsConsumer confidence reaches three year high
Household finances are the healthiest they have been for two years, while spending intentions across various categories have shown marked improvement
-
NewsFoodservice sector inflation falls to 3.6%
Whilst a year of falling inflation is encouraging, month-on-month inflation of 1.3% in June serves as a reminder that the market remains volatile
-
NewsMcDonald’s sees global comparable sales drop
The 1% decline was driven by negative comparable sales across all three segments in Q2 2024, reflecting a drop in demand in China and the impact of the Middle East war
-
NewsParogon Group looks to further growth
The Staffordshire-based pub and restaurant operator reported total sales of £24m in FY24, a 10.9% increase compared to 2023
-
NewsCAMRA describes ‘utter dismay’ over Whitbread closures
The Campaign for Real Ale has challenged Whitbread to reconsider a decision to close and convert over 100 pubs next to Premier Inns
-
Analysis & InsightWelsh consumers opting for earlier pub trips
Nearly four in ten said they prefer to go to pubs and bars when it’s quieter and less crowded, according to research by Dojo
-
InterviewsBig Fang Collective: ‘We like to be a switch-hitter brand’
The group behind Golf Fang will introduce multiple brand new concepts in the next 12 months in a bid to become a brand synonymous with experiential and competitive socialisation, co-founder Kip Piper tells MCA
-
NewsTurtle Bay reports record sales in 2024
CEO Nick Crossley said the new year had started in line with expectations, although the economic environment remains “extremely tough”
-
NewsTim Martin sells £10m worth of shares in Wetherspoons
The chairman of the pub chain sold 1.36m of the company’s ordinary shares on the London Stock Exchange at a price of £7.39 per share
-
NewsGreggs on track to deliver 140-160 new stores in 2024
In a trading update, the business reported ”continued strategic progress”, with first half sales up 13.8%
-
NewsNew ops director at Popeyes
Gwion Iwan, formerly of Prezzo, Punch, and Whitbread, has been appointed operations director as the chicken concept looks to 40-50 openings per year
-
NewsTortilla promotes Stephen Clark to COO
Clark joined the group as operations director in 2022 and has since led the opening of 17 stores
-
InterviewsEL&N looks to double estate
The 35-strong London-based boutique café group is to launch in a number of new markets, with a focus on travel hubs
-
NewsThree Uncles aims for 10 sites
The London-based Cantonese restaurant chain has chosen Ealing for its largest restaurant yet, along with the launch of its 18 Districts concept
-
Weekend PressCineworld reveals cinema closures as part of restructuring plan
Sky News reports that the cinema business has confirmed six closures as part of plans to cut jobs and save money
-
Weekend PressLondon’s nightlife venues struggling, City Hall told
Strict licensing laws, problems with crime and eye-watering costs are hitting the capital’s nightlife industry, writes BBC News
-
Weekend PressAdieu free Pret coffee. Here are the alternatives
The Times looks at which high street cafes offer the best loyalty schemes
-
Weekend PressThe German thirst for beer is waning – it’s not cool to be drunk any more
A revolution in drinking culture is taking place, and it’s led by young people, writes The Guardian
-
InterviewsCraft Union: ‘We want to make pubs beautiful again’
As the community pub company opens its 600th location, CEO Frazer Grimbleby discusses the win-win appeal of the operating model, its cross-demographic consumer appeal, and how the Stonegate-owned business is using data to inform growth