All Analysis & Insight articles – Page 44
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Analysis & InsightMajor cities showing negative sales versus 2019
Only half of Britain’s 10 biggest city centres are experiencing growth in out-of-home food and drink sales, with London still lagging at the bottom of the table, in CGA and Wireless Social’s latest Top Cities report
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Analysis & InsightThree course meal to reach £85 by 2025
The average price of a three-course meal will increase by £30 over the next three years – excluding drinks, according to analysis from pensions group Penfold.
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Analysis & InsightInflation forecast to peak at 22.4%
UK inflation will soar beyond previous predictions of 18.6% if Ofgem raises its energy price cap by a further 80% in January, according to Goldman Sachs
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Analysis & InsightRestaurant spend increases over bank holiday weekend
Restaurants benefited from an 8.32% rise in transactions between 27-29 August as compared to 2021, according to Barclaycard
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Analysis & InsightHigh street closures fall to seven-year low
There has been a significant drop in the numbers of high street chain stores closing, with restaurants seeing net growth, according to new data from PwC.
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Analysis & InsightMinimum wage hikes: ‘We are not in a position to help’
The TUC has set out plans for the attainment of a £15 per hour minimum wage rate – but operators are not convinced. Featuring commentary from Giggling Squid, 3Sixty Restaurants and Chop’d.
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Analysis & InsightEnergy crisis: The cost of doing business
Many operators are still cushioned from the impact of rising utility bills, but some are facing the very real prospect of seismic increases. MCA spoke to operators including Heart With Smart, Oakman, New World Trading Co, McMullen and Various Eateries to find out how they are faring.
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Analysis & InsightCoffee and sandwich shops – an affordable treat?
In the face of mounting cost pressures and negativity around the economy, are consumers changing what they consider to be worthwhile non-essentials, Lumina Intelligence’s Katie Prowse asks
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Analysis & InsightWarnings over sky-high inflation forecasts
Consumers already struggling with rising prices are set to feel even more pressure after UK inflation was forecast to hit 18.6% early next year.
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Analysis & InsightKentucky Fried Crisis: How surging chicken costs hit Nando’s and KFC
The rising cost of chicken is turning customers away, while farmers are leaving their sheds empty, The Sunday Times reports
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Analysis & InsightConsumer confidence hits all-time low
The measure for overall UK consumer confidence fell to -44 this month, compared to -8 this time last year, in GfK’s Consumer Confidence Index - the lowest since records began in 1974.
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Analysis & InsightFancy a pint… down the metaverse?
The metaverse – aka the next generation of the internet – could become your customers’ new local, Greg Hull, global head of hospitality & leisure at Attensi suggests
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Analysis & InsightLate night sector bears brunt of venue closures
The number of nightclubs decreased by 9.1% over the 12 months to June 2022, while the overall number of hospitality sites has remained flat
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Analysis & InsightMenu prices to increase by 6% within 12 months
Menu prices will continue to increase as hospitality leaders struggle to cover rising costs, according to the Business Confidence Survey by CGA and Fourth
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Analysis & InsightInflation outpaces sales growth
Like-for-like sales failed to match up to inflation in July, with London lagging behind due to rail strikes and heatwaves, according to the Coffer CGA Business Tracker
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Analysis & InsightCity of London operators hit hard by homeworking
One in seven licensed businesses closed in the Square Mile between March 2020 and June 2022, according to data from AlixPartners and CGA, with similar numbers in Birmingham
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Analysis & InsightCost of living: ‘Everyone has to take a bit of pain’
As consumers face an unparalleled squeeze to their personal finances, MCA speaks to the leaders of Amber Taverns, New World Trading Company, Vagabond Wines, Tampopo and Smoky Boys about how they’re facing up to the challenge
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Analysis & InsightHeatwaves impacts footfall
Springboard also reported a north-south divide is emerging in terms of the recovery in footfall, indicating the impact of the proportionately greater burden of inflation that is being felt in the North
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Analysis & InsightNew property instructions ‘well ahead’
Christie & Co reports operators are re-evaluating their estates and looking to sell in a strong market - before the full impact of cost pressures arrives in the second half of 2022.
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Analysis & InsightConsumer confidence saw boost last month
The two-point increase seen in July was the first rise on the index compiled by YouGov and the Centre for Economics and Business Research since November 2021