Clapham House expects trading to remain tough
RESTAURANT group Clapham House yesterday said revenues grew two per cent in the first half to the end of March compared with a year earlier, but it expects the trading environment in the UK to remain tough, especially at its Tootsies business.
The owner and operator of Gourmet Burger Kitchen, The Real Greek and Tootsies restaurants said the restaurant sector continued to see widespread discounting and promotional activity hitting net margins.
The group currently offers a number of discounts and promotional vouchers in a bid to attract more cash-strapped diners. The company, which opened its fiftieth GBK restaurant in the UK, said it continued to be cautious in terms of future openings amid the current economic outlook, but was looking to identify “strong locations on attractive terms”.