Pret A Manger has rapidly become the corporate emblem of ghost town Britain. With the majority of workers still not back in offices, the sandwich and coffee giant is routinely used as an example of the type of business at risk of disappearing altogether.
That was no more apparent than in late August when Pret announced 2,890 redundancies and 28 shop closures due to the freefall in its central London trade.
But Chief Executive Pano Christou says Pret cannot simply wait for offices to fill up again: the company has to change – not its customers.
Read the full article on the This is Money website
NAM Implications:
- A pragmatic acceptance that the home-working genie has escaped the bottle.
- i.e. The realisation that tech-supported home working can result in increased productivity…
- …with the added bonus of improved work/life balance…
- …and extra benefits in terms of elimination/reduction of commute cost and the expense of childcare.
- Meanwhile, employers are discovering the advantages…
- …of being able to reduce space and rental costs of their commercial office buildings.
