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Brad Jacobs: Coffee Club Director on cafes continuing to see the profits squeezed
Manage episode 513616499 series 2098280
Cafes are continuing to see their profits squeezed.
Sales in the hospitality sector have increased 1.4% in the past year according to just-released figures from the Restaurant Association.
But sales for cafes and restaurants only rose 0.3%.
Coffee Club Director Brad Jacobs told Ryan Bridge they're having to absorb rising costs to remain competitive.
He says the minimum wage has gone up much faster than the price of coffee over the past decade.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
4496 episodes
Manage episode 513616499 series 2098280
Cafes are continuing to see their profits squeezed.
Sales in the hospitality sector have increased 1.4% in the past year according to just-released figures from the Restaurant Association.
But sales for cafes and restaurants only rose 0.3%.
Coffee Club Director Brad Jacobs told Ryan Bridge they're having to absorb rising costs to remain competitive.
He says the minimum wage has gone up much faster than the price of coffee over the past decade.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
4496 episodes
All episodes
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