NIGHTCLUB owner Luminar yesterday reported a further slump in sales as fewer revellers went clubbing at its venues.
Luminar, which issued three profit warnings in its last financial year, said sales at its 76 clubs were down 20.2 per cent in the 26 weeks to 26 August with admission revenue down by 26.5 per cent and customer numbers down 19.1 per cent.
The company said, however, that it had a net operating cash inflow during the period and had made £3.7m from the sale of four properties, enabling it to continue to trade within the terms of its banking facilities.
Luminar has suffered from rising unemployment within its key 18-24 customer age group.
Meanwhile, the World Cup also took its toll as the nation tuned in to watch football rather than hitting nightspots. Chief executive and founder Stephen Thomas stepped down last year.