All Analysis & Insight articles – Page 46
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Analysis & InsightRestaurant insolvencies up +60%
A total of 1,406 restaurants in the UK closed their doors in the 12 months to May 2022, new data from UHY Hacker Young has found
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Analysis & InsightClick & collect: omnichannel must have?
Sales through the channel may have boomed during Covid but are customers still opting to click and collect and how much are operators still investing in the service? MCA investigates, featuring commentary from PizzaExpress, Fridays and Five Guys
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Analysis & InsightAverage price of main course up +10%
Main courses on branded restaurant menus rose in price by 10.1% between February and June, according to Lumina Intelligence’s Menu Tracker data
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Analysis & InsightMelting pot: Footfall fluctuates amid heatwave
Hospitality operators have reported a mixed picture in terms of footfall during the heatwave. Featuring commentary from D&D London, Revolution Bars, Stonegate, McMullens, Various Eateries and Rekom UK
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Analysis & InsightWest End hospitality seeing huge cut to trading hours
With a fifth of hospitality vacancies unfilled in the area, almost half of businesses are reducing trading hours, according to a new report
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Analysis & InsightOperators see lfl boost from Jubilee
Managed restaurant, pub and bar groups like-for-like sales were up 5% in June but growth remained below inflation, according to the Coffer CGA Business Tracker
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Analysis & InsightGross profit down as food costs rise
Average overall costs are up by 10% compared to 2019, with food costs up by approximately 13% and drink costs by 8% over the same period, according to Fourth
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Analysis & InsightNew report calls out high salt content in kids’ meals
Campaign group Action on Salt said one in three children’s meals contained 2g or more of salt and is calling for mandatory reformulaton programmes
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Analysis & InsightFoodservice inflation tops 10% in May
Inflation in the foodservice sector topped 10% for the fourth successive month in May, according to the Foodservice Price Index by CGA and Prestige
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Analysis & InsightInflationary pressures highlight economic disparity
The state of the economy has widened the gap between income groups, with lower-income consumers increasingly reducing discretionary spend, according to EY
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Analysis & InsightEating out spend up on last year, but down on 2020
The removal of lockdown restrictions saw spend across pubs, bars and restaurants boom between 2021 and 2022, new data from Cardlytics has found
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Analysis & InsightWetherspoon’s model could impede recovery
Combined with rising costs, its value-led proposition could hamper recovery, analysts said following the operator’s trading update
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Analysis & InsightStaffing shortages causing 16% revenue loss
Restricted trading hours due to staffing struggles, along with rising costs, are resulting in significant loss of revenue, according to UKHospitality and CGA
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Analysis & InsightFuller’s: ‘We had to completely restructure’
Fuller’s had just completed the separation of its beer business after to selling to Asahi when the pandemic rocked the central London-exposed pub operator. CEO Simon Emeny revisits the period
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Analysis & InsightRestaurant spending sees year-on-year decline
Restaurant spend was down 3.3% in June compared to the same period in 2021, but saw a small month-on-month uplift, according to Barclaycard
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Analysis & InsightMajority of consumers not planning to cut eating out spend
Nearly two-thirds (59%) of consumers said they planned to spend the same on eating and drinking out, according to the latest survey by customer experience platform Feed It Back
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Analysis & InsightWomen’s football to boost F&B sales by £761m
Hospitality venues and retailers are forecast to enjoy a £1.2bn boost during the EURO 2022 tournament, according to VoucherCodes
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Analysis & InsightPub sector to see 55% value growth in 2022
High levels of inflation coupled with unrestricted trading will see pub market return to just under its 2019 value this year, according to Lumina Intelligence
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Analysis & InsightServices sector boosted by leisure spend
The UK services sector grew for the 16th consecutive quarter in June, boosted by spend on leisure and travel, according to the S&P purchasing managers’ index.
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Analysis & InsightPub numbers dropped 7,000 in a decade
The total number of pubs in England and Wales now stands at less than 40,000, according to research from Altus Group