Coffee Republic sales pay off

27 August 2004
Coffee Republic sales pay off

Coffee Republic's decision to restructure its business and shift focus to a deli-style operation was justified this week as it reported more than an £8m reduction in losses in the year to 28 March.

During the period the company sold off 17 outlets and began converting a few coffee bars to its new deli-bar format.

The £1.7m loss compares favourably with a £9.8m loss in the previous financial year. As a result of the sell-offs, sales also fell by 27% to £22m, while like-for-like sales were 2.3% down.

Since the year-end, Coffee Republic has sold a further 10 sites and now has 55 stores. A further five are earmarked for disposal.

It has converted four of the remaining sites to the new deli-bar format and plans to convert six more by the end of March next year.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking