Porridge helps Pret a Manger stay hot

first_img Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Sandwich chain Pret a Manger has said sales of hot food such as porridge were helping it to thrive in tough consumer environment as it posted a 37 per cent rise in its 2010 core earnings.The chain, majority owned by private equity firm Bridgepoint , said it planned to open more than 30 shops this year as it becomes increasingly confident about its expansion in the US and debuts in France.“We haven’t seen a particular slowdown since then (the fourth quarter of 2010),” chief executive Clive Schlee told Reuters, contrasting with a string of British retailers which have reported tougher trading in recent weeks as inflation rises and government cutbacks bite.Pret a Manger, which runs 265 outlets in the UK, US and Hong Kong, said sales at shops open over a year rose 9.8 per cent last year.Double-digit percentage growth in the first part of the year slowed to about five per cent by the fourth quarter and had stayed around that level since, Schlee said in a telephone interview.The chain was seeing particularly strong demand for budget ranges like filter coffer for 99p and an egg mayonnaise sandwich for £1.50. But other items were also selling well, with customers snapping up around 50,000 bowls of porridge a week, making it the firm’s top-selling new product, he said.Schlee said Pret a Manger planned to open at least ten shops in London and ten more elsewhere in the UK this year, plus 10-12 in the US, creating around 700 jobs in total. alison.lock Tuesday 29 March 2011 4:13 amcenter_img whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL Share Porridge helps Pret a Manger stay hot last_img

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