By M&C Report team2010-04-08T14:10:00+01:00
Loungers has released a trading update saying since reopening on 4 July the Group delivered like for like sales growth of 25.1%. All of its 168 sites are trading and it plans to open three more before the end of the year. “I am delighted with our continued excellent trading which reflects the resilience of our brands and fantastic performance of our team working in very difficult circumstances,” said CEO Nick Collins. ”Loungers, and the sector more broadly, have gone to considerable efforts to ensure the safety of our teams and customers.
All-day café-bar-restaurant operator Loungers is back to its market beating trading, with net like for like sales growth of 29.9% over the past nine weeks.
Loungers has reported a “significant market out-performance” since reopening, with net like for like sales growth of +29.9% from 4 July to 13 September 2020.
News that the hospitality trade would once again be the worst loser from government restrictions over Christmas has been met with a growing sense of rebellion, as pub leaders suggested they may openly defy the rules.
Families will be able to meet two other households in private homes in a “Christmas bubble”, though this will not extend to meeting pubs and restaurants.
Nightclub operators will meet the Business Secretary this week in an attempt to secure a potential lifeline for the sector.
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