JD Wetherspoon has reported a fall in annual losses despite rising costs from energy and wages while warning that the industry is facing a challenge to get people back to pubs.
Read the full article on the Sky News website
NAM Implications:
- Key to distinguish cause and effect if trying to solve business problems.
- i.e. The cause of the current cost-of-living crisis was universal and 100% lockdown.
- Resulting in supply chain disruption, and thereby erratic demand causing soaring inflation…
- The debt build-up to protect/compensate businesses now needs reducing…
- …by moving from artificially low interest rates to a more realistic 5%-8%.
- The consequent levelling up of prices (Mults vs Pubs) may help…
- But in these circumstances, expecting consumers to revert 100% to the ‘salubrious environment of the saloon bar’…
- …is a big ask.
