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Brad Jacobs: Coffee Club Director on cafes continuing to see the profits squeezed

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Manage episode 513616499 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.

  continue reading

4496 episodes

Artwork
iconShare
 
Manage episode 513616499 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.

  continue reading

4496 episodes

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