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Learn more about how Statista can support your business. Pret A Manger. March 25, Pret revealed massive losses but said that sales were bouncing back as Britons returned to the office, albeit with many only part-time commuting. However, the trend of working from home a few days a week has meant more people out and about locally, with Pret echoing reports that businesses have been boosted in towns and suburbs.
It also intends to expand into new territories overseas and boost its digital footprint, which has received a boost since the pandemic started from new deals signed with food delivery giants Deliveroo, Just Eat and Uber Eats.
Trade was severely impacted from March when millions of people started working from home and travel restrictions hit city centre and airport sales. All the firm's shops were closed at the outset of the pandemic, but even after they reopened to customers, social distancing restrictions and the lack of travel to major business districts severely impacted commerce. A majority of its establishments are located in Central London, which left Pret more vulnerable to lockdowns and the lack of international tourism, and it closed 39 shops and cut 3, jobs in summer last year.
However, business at Pret's metropolitan outlets has rebounded significantly in recent months as workers have started commuting back to their offices, though the group noted that regional sales were at their 'strongest ever levels. Employee numbers are up 28 per cent since the beginning of , including by 6, in the UK, and it now aims to hire 3, more staff by the end of Chief executive Pana Christou told the PA news agency that the firm had 'kept an eye on the way trends have shifted since the pandemic, and obviously, areas such as service stations have been particularly busy.
As part of a transformation programme, Pret is moving away from a 'following the skyscraper' model and has formed tie-ups with the UK's largest independent forecourt operator, Motor Fuel Group, and services station business Moto.
Optimistic: 'Last year, we were in the eye of the storm during the height of the pandemic. Now we have the chance to build a bright new future for Pret,' said boss Pano Christou pictured. The update from Pret comes days after it announced a 5 per cent pay rise for its cafe workers following an uproar when the chain attempted to slash bonuses and told staff it would not pay them for breaks.
Rival coffee chain Costa had itself declared the previous week that it would give workers a 5 per cent wage hike and perks such as free coffees on shift, a pension scheme and a quarterly incentive scheme. Christou said: 'Last year, we were in the eye of the storm during the height of the pandemic. Now we have the chance to build a bright new future for Pret. Pret employs 13, people globally, including 8, in the UK. The company said: "A consultation will therefore commence with shop teams and impacted Support Centre teams this week.
No final decisions will be made until the consultation is complete. But we must make these changes to adapt to the new retail environment. As well as closing shops, Pret will also sell its main support office in Victoria.
Pret has shops in the UK. The company has traditionally sold sandwiches and coffee to office workers but the company said it now needs to look at a new business model after coronavirus.
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