Archive for October, 2008

31
Oct
08

Coffee Republic photography competition

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24
Oct
08

Coffee chain feels pain of caffeine cutbacks

The Herald

Web Issue 3287                          October 24 2008

CAFE chain Coffee Republic yesterday blamed the “toughening” economic climate for a downfall in sales as credit crisis-hit customers cut back on their daily lattes.

Like-for-like sales from April to September were down 0.2%, despite an initial 2.5% rise between April and June, signalling a significant downturn in the past three months.

The company said the fall in sales “reflected a toughening climate”.

However, it also claimed that it had begun to reverse the trend with more aggressive sales and marketing activity. Newly-opened bars have been helping to boost the chain’s fortunes, including an outlet at St Andrew Square in Edinburgh opposite the historic headquarters of the troubled Royal Bank of Scotland.

There was no obvious sign of people cutting back on spending there yesterday as a dozen or so customers enjoyed a drink.

Cafe director Paul Anderson said: “Our like-for-like sales are up every week. Obviously it’s a new shop. I think it depends a lot on location but we’re doing fine. Our busiest hour is still 8am to 9am when people buy coffees on their way to work.”

Staff at RBS, where the cafe holds its business accounts, also seemed to show no sign of cutting back on their hot drinks with an order of 24 coffees placed with Mr Anderson yesterday.

However, one customer said that she tended not to buy coffee from outlets any more because of the economic downturn.

Kelly Drew, a 32-year-old Edinburgh marketing executive enjoying a coffee with her mother who was visiting for the weekend, said: “Personally it’s a rarity for me for that reason. I don’t really buy coffees as a rule in the morning because you can make your own and it’s a lot cheaper.”

Meanwhile, Coffee Republic has secured a key concession deal with cinema chain Cineworld which it expects to increase sales as customers flock to see blockbusters such as the new James Bond film, Quantum of Solace.

The chain has 195 outlets internationally, including 184 in the UK.

24
Oct
08

Coffee Republic brews up expansion plans

scotsman.com
Published Date: 24 October 2008
COFFEE Republic said it is planning new stores in Edinburgh as part of a Scotland-wide expansion.

The company has appointed property consultant King Sturge to search for appropriate sites for the new coffee shops.

It wants to open another 20 stores in towns and cities across Scotland.

Douglas Hogg, retail partner at King Sturge in Scotland,

said: “Scotland provides Coffee Republic with great potential to roll-out its distinctive brand and we have the on-the-ground expertise to help the chain identify suitable opportunities for its franchise operation.

“We are currently seeking additional locations in Glasgow and Edinburgh, as well as looking at Stirling, Dundee, Aberdeen and Livingston.”

Last week, the coffee shop chain recorded a half-year drop in network like-for-like sales of 0.2 per cent, which it said had reflected “a toughening climate”.

However, it said it was reversing that trend with a more aggressive sales and marketing activity and the opening of new coffee houses.

Earlier this year, it opened an outlet in a newly-built pavilion at the refurbished St Andrew Square as part of the park’s £2.6 million redevelopment, bringing its total number of stores in Scotland to six.

The company also has an branch within the McLeish Brothers outlet on South Bridge and at Fountain Park.

23
Oct
08

Another bar in Scotland – Perth

Jonathan Sears-Corfield has opened a new Coffee Republic shop in Perth. The Coffee Republic Deli is the first of its kind outside of Edinburgh and Glasgow, and the fourth of its kind in Scotland and will offer customers a unique combination of fresh deli food, award winning coffee blends and the opportunity to enjoy their Coffee Republic Deli experience either inside the shopping centre or on piazza style seating in St John’s Square on King Edward Street.

Bar address: Unit 41, St Johns Shopping Centre, King Edward St, Perth, PH1 5UB.

22
Oct
08

Pubs encouraged to capitalise on coffee sales

Publicans should consider selling high-quality coffee in order to pull in customers, according to industry experts.

Sam Pedder, head of food at Admiral Taverns, issued the advice at a recent PubChef event.

Landlords were encouraged to compete with high street outlets and offer non-alcoholic drinks.

Ms Pedder stated that pubs which offer coffee may be viewed more positively by potential customers.

“If you are doing coffee well, the customers are going to think you’re doing everything else well too,” she said.

“Match the high street where relevant and beat them at their own game when they are closed or not in the vicinity.”

Pubs intending to sell coffee should make sure they have an adequate machine, the correct utensils and a popular brand of the drink to offer to its customers.

Last year, brewer Greene King announced that it would be working with Coffee Republic to in order to sell the beverage in 28 of its London pubs.

17
Oct
08

result of AGM & EGM

RNS Number : 1457G Coffee Republic PLC 17 October 2008
18 October 2008

Coffee Republic Plc (the “Company”)

Result of AGM and EGM

Coffee Republic announces that at the Annual General Meeting and Extraordinary General Meeting of the Company held today all resolutions were duly passed.

17
Oct
08

Trading update ahead of AMG

RNS Number : 0677G Coffee Republic PLC 17 October 2008
17 October 2008

Coffee Republic Plc

Trading update

Coffee Republic PLC, the independent coffeehouse franchisor and operator, announces a trading update in advance of its AGM today.

The business now operates in 195 outlets both in the UK and Internationally. Of the 184 UK outlets 19 are company run, 51 are franchises and 114 are concessions.

In the first six months of the year, network like for like sales are down 0.2% (excluding those bars recently returned to company ownership), reflecting a toughening climate; more aggressive sales and marketing activity has begun to reverse that trend and total network sales growth in the UK is now 20%, driven by newly opened bars.

Operating losses to the end of August have reduced by almost 40% compared to prior year, driven by increased franchise income, the success of the Cineworld concession deal and increased control over head office cost, and the Board expects that the half year results will reflect this improvement.

The board continues to focus on driving the business both in the UK and internationally, and pipelines in both areas remain encouraging despite the general economic climate.