Like-for-like sales in Britain’s managed pub, bar and restaurant groups plummeted 71% in the week that the Government ordered all licensed premises to close because of Covid-19.
Exclusive weekly figures from the Coffer Peach Business Tracker, produced by CGA, in partnership with The Coffer Group and RSM, showed like-for-like trading in restaurant chains down 75%, with managed pubs down 67% and bars, which are more dependent on weekend business, tumbling 88%.
Phil Tate, group chief executive of CGA, said: “Many pubs and restaurants, especially away from London, had stayed open even with dwindling trade after prime minister Boris Johnson’s warning at the start of the week for people to avoid going out. The closure order on Friday obviously then killed all business overnight.
“It was pretty clear that more and more businesses would have shut up shop anyway even without the closure and then lockdown orders, as CGA’s snap consumer poll showed that more and more of the public were going to give up on even attempting to go out.”
The current nationwide lockdown means that only pubs and restaurants providing takeaway or a delivery services will continue to operate. From next week, CGA plans to begin tracking those sales
CGA’s consumer polling has already shown that the public’s appetite for delivered food and drink from restaurants and take-aways has grown significantly during the current emergency.