Sales were up 30% in comparison to an average Saturday so far in 2024, according to data from insights firm Oxford Partnership.
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Brighton Pier Sales Group Report Sales Fall in “Challenging Environment” Brighton Pier Group has announced a decline in total revenues due to "ongoing inflationary pressures" in its unaudited results for the six months ending 25 June 2023. Total revenues for the Group were £16.2 million (2022: £17.3 million), following a challenging second quarter as previously announced by the Group. The majority of this sales decline was from the Bars division which faced tough comparable numbers, following exceptionally strong trading from a post-pandemic surge in demand in the first half of 2022. Ongoing inflationary pressures, in particular to food, beverage and staff costs have had a significant impact on the Group's operating margins in the first half of 2023, resulting in lower earnings than in the previous year. BPG's bars division operates under a variety of concepts, including Embargo República, Lola Lo, Le Fez, Lowlander and Coalition. The group is best known for operating Brighton Palace Pier, which sales performance was up 2% versus 2022. "As highlighted in our last trading update, the group is navigating a challenging environment, with persistent high inflation and cautious spending by consumers negatively impacting trading," says Anne Ackord, chief executive officer of BPG. "When combined with the ongoing cost pressures, this has resulted in the group recording lower than expected sales and earnings in the first half of 2023. "Trading in the 12 weeks to 17 September 2023 has been further impacted by events outside of our control. The regular weekend train strikes in particular have reduced visitor numbers on the pier by 18% versus comparable weeks in 2022. Combined with the unseasonably wet weather and the hotel fire that disrupted sales on the pier for the final two weeks of July (two of the top 10 trading weeks of the year), trading has been unusually difficult. "The group continues to be cash generative and has a robust balance sheet, making it well placed to weather the macroeconomic challenges and execute its longer-term growth strategy. I believe as a result there is significant upside opportunity for the group in a more typical year." Read More:
Brighton Pier Sales Group Report Sales Fall in “Challenging Environment”
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Fullers Report Strong Christmas & New Year Sales Fuller’s has reported sales for the five-week Christmas and New Year period were “particularly strong”, up 21.6% against the same period in 2022, driven by a “great performance” from its pub and hotel teams. The pub company said the strong festive trading further builds on the positive momentum experienced across the business over recent months, which has delivered like-for-like sales growth of 11.5% for the 42 weeks to 20 January 2024. Chief executive Simon Emeny said: “I am delighted to see the business continue to deliver strong sales growth. It is testament to the hard work, dedication and energy of our amazing team members who pulled out all the stops to ensure our customers had a brilliant Christmas and New Year.” “The business is in great shape. While we continue to see the impact of a challenging economic environment, we are positive about the future and confident of meeting market expectations for the full year. Looking forward, while we face significant rises in the national living wage and business rates, we have exciting plans in place to grow the business. These include a number of high profile, trade-enhancing investment schemes in our existing estate, which will ensure we continue to build on our current momentum.” Read More:
Fullers Report Strong Christmas & New Year Sales
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Growing food sales in an inflationary environment can be tough, with pressures on household spending. But have you considered that you might be missing out on sales opportunities that you can actually control? According to Category Managers, if you aren't consistently filling true customer demand at 95% or better, you could be leaving sales on the table. Allocations, order caps, delayed shipments, and shorted orders all lead to empty spots on the shelf and missed sales opportunities. Nothing is more frustrating than being sent pictures of empty shelves when your supplier is bragging about their fill rates. Remember, each time a customer walks past a hole on the shelf, that is a potential sale you'll never get back. Don't let missed sales opportunities harm your business.
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Interesting article shedding some light on why our club sales could be or are increasing. WSJ is about the best source there is for real news these days.
Costco and Sam’s Club Aisles Are Full of Gen Z Shoppers
wsj.com
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Chairman & Founder @ Retail Doctor Group | Strategy Advisory,Operations and Training We build market leading double digit growth retail channels.
https://lnkd.in/g72Ydraq January sales at JB Hi-Fi Australia grew 2.5 per cent – or, on a comparable sales basis, growth was 1.7 per cent higher – while JB Hi-Fi New Zealand sales grew 8.2 per cent, but fell 4.1 per cent on a comparable sales basis. Turnover at The Good Guys fell 2.2 per cent last month, with same-store sales down the same figure. Better said by AFR Barrenjoey: "FY24 profit expectations were so low at JB Hi-Fi that even a 20 per cent miss at the profit line was ahead of forecasts. But what were JB Hi-Fi shares doing already at a fresh high if the market was thinking profit would be more than 20 per cent down? Of course that is where interest rate cuts and stage three cuts come in. If you believe both are coming (and plenty of people do), then the usually bankable JB Hi-Fi’s sales, EBITDA and all-important earnings per share should hit new heights in FY25 and FY26." It's all about expectations and managing them in this market, and a proven quality retailer like JB Hi Fi helps manage these expectations, The share uplift really didn't reflect results per se, they reflected expectations of future performance. Retail Doctor Group Brian Walker
JB Hi-Fi tops first-half expectations
afr.com
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Our most popular recent article has some tips to help you grow your sales. #CdnFoodBiz #DreamGrowThrive
Want to grow sales? 3 ways to boost your bottom line | FCC
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10% of American households have less money to spend on groceries than they did a year ago. There’s no doubt about it. Current economic conditions are playing right into the inherent advantages in pricing that Mass Retailers possess. But it’s not just about providing value alone. Something mentioned in the most recent episode of US eGrocery Sales Trends is how consumers show greater price sensitivity when considering individual items, yet this sensitivity diminishes when they evaluate the total cost of their online grocery orders. This represents an opportunity for regional grocers and independents to shift the competitive focus from price alone to the overall value of the service being provided by: • Emphasizing convenience; • Enhancing customer experience; and • Leveraging data to offer personalized promotions, services and rewards. This strategy not only caters to the current economic climate, where value and convenience are equally appreciated, but it also builds a loyal customer base. To learn more actionable insights related to January’s eGrocery numbers, watch the full webinar here: https://mct.media/3UIb7AH
US eGrocery Sales Trends with Brick Meets Click - January 2024 Insights
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November Sales are in. I predicted REC SALES to be off by -.9% (they were off by -.6%). Positives 1⃣ REC AOV is up. That may be indicative of an increase in edibles and beverages. Discreet form factors like beverages and edibles dominated sales on Green Wednesday 2022, registering 13.2% and 6.1% sales growth during the Thanksgiving holiday stretch. 2⃣ MMJ sales were up slightly. Expect another uptick in December as MMJ sales surged 7.1% last December Negatives 1⃣ November was flat despite the Cookies launch and the sales boost of two of the five leading sales days. REC transactions fell 3%. 2⃣ This marks the third consecutive month that overall sales were down (and four of the past five months). 3⃣ MMJ Transactions landed at a monthly all-time low of 239k 4⃣ 13 additional retail licenses were awarded, driving the total retail licenses to 1,048 (an all-time high) #newmexicocannabis #cannabisdata The Data Heard
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Last weekend's sales in review and takeaways. Total sales: $623.48 from two markets. Takeaway: After 4 farmers markets since I’ve launched I’m averaging about $300 in sales per market. The Cardiff and Solana Beach markets are a bit smaller, so now I’m looking for larger markets to attend. Larger markets will draw more people which will result in more sales. After a few more markets I’ll generate enough cash to… 1. Upgrade my permit to ship nationwide 2. Sell into stores Once I’ve upgraded my permits, I’m going to approach local stores. In the meantime, I’ve applied for two new, larger markets. More people = more sales. Let me know if you have any ideas!
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I have created a supermarket sales dashboard that includes the following metrics: - Total Sales - Count of Male and Female - Gross Income by Product Line - Sales Breakdown by Payment Method - City-wise Sales Data - Top 3 and Bottom 3 Product Sales
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