Loungers trading well post-reopening

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.

We anticipate further interruptions to trade in the coming weeks and months but take confidence from our continued market out-performance. We remain well-positioned to accelerate our growth and to continue to lead the market once Covid-19 is behind us.”