Loungers like for like sales rise, approaches 100th site

Loungers like for like sales rise, approaches 100th site
Cosy Club, Birmingham
09/03/2017 - 09:17
Café and bar group, Loungers has reported that like for like sales have risen 5.8% in the last 12 weeks to the week ended March 5th.

The company will open its 100th site this May in Mansfield with the Capo Lounge. Loungers recently opened its 17th Cosy Club in Cheltenham and 79th Lounge in Poole, with further openings planned in March and April before the Mansfield opening.

Loungers CEO, Nick Collins, said: "The business continues to enjoy robust like-for-like sales, which against the backdrop of growing at a rate of 20+ sites a year, is extremely pleasing.
"We've got a fully formed pipeline of sites for both brands that takes us well into 2018 and whilst reaching the milestone of 100 sites in May will mark a huge achievement for the business we are already focused on reaching 200 sites in 4-5 years time."

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