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Restaurants experienced 8.8% spend growth year-on-year in August, study says
Restaurants experienced 8.8% spend growth year-on-year in August, study says
Soaring prices drives Brits in planning to reduce expenditures despite spend growth.
Just Eat sponsors bike hire scheme in Edinburgh
Transport for Edinburgh says that this will attract a broad range of residents, visitors, commuters and students.
Farmer J opens second site in London
The healthy food brand is known for their signature "fieldtrays."
Casual dining visits up by 7%, report says
The sector now makes up of 5% in the whole out-of-home (OOH) foodservice industry. The casual dining sector continues to grow in Britain as it gained an extra 35 million visits or a 7% increase for the year ending June 2018, according to the latest study by The NPD Group. The market research company says its growth rate is four times faster than the overall out-of-home (OOH) foodservice industry. One of its drivers is positive consumer recommendations on social media or review sites. It went up to 38% year-on-year, three times faster than the OOH market. “Casual dining restaurants remain one of the key growth stories in Britain’s OOH foodservice market, despite the high-profile closures, rescues and restructuring seen in this sector in recent months. But while the market is expanding, success is not guaranteed,” Dominic Allport, NPD Group insights director, said. “One of the problems has been the tendency for some operators to scale up too quickly, with ‘quantity of sites’ outweighing ‘quality of sites’. But the biggest issue is the pressure on profit margins with business rates, rent, food and labour all costing more in an over-supplied market.“ Allport also reported that one of their solutions is expanding outside London where the costs for the sites are lower. An additional 23 million casual dining visits was experienced in Southeast and Southwest of England whereas London only had an extra 3 million. The family and the young adult segments contributed to its growth. Family visits grew to 11% while people aged 16-24 are up 15% and a 9% growth among those aged 25-34. Other strategies within the casual dining sector includes delivery services, which experienced a 9% increase year-on-year. The use of meal deals or promos went up to 16% year-on-year while order ahead/click and collect visits rose to 25% year-on-year. They are also expanding their breakfast options as it is revealed to be growing 10 times greater than the breakfast growth in the whole OOH market. “The continued growth of casual dining in Britain is good news for our foodservice industry. The ability of delivery platforms to reduce barriers to entry has particularly helped small brands to expand,” Allport further commented. However, he also warned that there will be more closures as they are still most at risk due to costs pressures.
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Greggs takes on Starbucks with rival pumpkin spiced latte
The food-on-the-go retailer will also offer the drink for free to customers registering on their rewards app.
Marks & Spencer removes plastic cutlery from its store
The supermarket now joins the sustainability trend of banning disposable plastic items.
PizzaExpress reports £35.1 million in half-year earnings
Industry cost pressures and turbulent weather conditions reportedly affected the pizza chain’s financial performance. PizzaExpress’ earnings before interest, tax, depreciation and amortisation (EBITDA) were down 16.3% to £35.1 million, the pizza chain’s half year results for the 26 weeks ended 1 July 2018 revealed. They also reported a 2.5% increase in group turnover to £262.8 million, while like-for-like sales were down by 1.1%. Underlying like-for-like sales grew by 0.9%, which excluded impact from the adverse weather conditions with that figure down at 0.7% if such were included.
Possibility of CVA moves closer for Gourmet Burger Kitchen
Rising costs still continues to damage restaurants in high streets.
Starbucks franchisee 23.5 Degrees receives £3.6 million follow-on funding from Connection Capital
The coffee chain’s franchised business partner aims to have 150 stores by 2023.
Uber Eats goes 24/7 in Greater London Area
The decision is said to be made after an increasing demand in late-night orders. Uber Eats has announced that their delivery services are now 24/7 within the Greater London area. The food delivery aggregator also said that the number of orders between 12am-4am rose to 385% in the past few months. Having partnered with 200 restaurants, some brands that are open at late night are McDonald’s, Wok to Walk, VQ, Pret A Manger, Subway, Chicken Cottage and German Doner Kebab.
Coca-Cola to acquire Costa Coffee for £3.9 billion
An analyst says the beverage giant's acquisition of Costa Coffee provides a route into the lucrative China market.
Esquires Coffee launches new site in Tunbridge Wells
The coffee chain is now close to reaching its 40th store mark in the UK.
McDonald's vows to employ 43,000 apprentices by 2025 in Europe
The programme is set to launch in five countries, with plans to expand to other markets in the future.
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