storelocate.co.uk

Price rises to offset living wage impact likely, says Whitbread

9 September 2015 - Janet Bird

Price rises to offset living wage impact likely, says Whitbread

The company behind Costa Coffee says it expects to have to raise some prices to offset the impact of the Government's national living wage.

Whitbread, which also owns the Premier Inn hotel group, said the effect of the proposed increase in the current minimum wage would be substantial.

The comments came as Whitbread posted its second quarter sales figures, which showed continued growth, albeit at a slower rate than during the previous three month period. Like for like sales across the group increased by 3.3 percent in the second quarter, a percentage point down on first quarter performance. Total Costa sales increased by 16.2 percent during the period, while total Premier Inn sales rose by 11.6 percent.


Recent News

Vouchers, Deals & Discounts

Offers to your inbox

Subscribe for store deals and offers

We won't give your email address to anyone else

Sign up to StoreLocate.co.uk newsletters and receive deals and discounts straight to your inbox