Food-to-go news

29 July 2020
McDonalds announced results for the second quarter 2020 ended 30 June 2020, the period when global COVID-19 restrictions had most impact on store trading. Summary As of 30 June 2020, nearly all McDonald’s restaurants around the world were open to serve customers Total revenue fell from US$5,409.8m in 2019 to US$3,761m in 2020 Systemwide sales decreased 24% Operating income decli...
28 July 2020
Greggs, one of the UK’s largest food-to-go operators, posted a loss of £65.2m for the first half of 2020 in the wake of the COVID-19 lockdown.  During the same period last year it made £36.7m profit.  However, with the majority of stores now reopen, weekly sales are up to 72% of 2019 levels with breakeven at 80%.   Successive years of strong growth performance and clear strategic plans enabl...
23 July 2020
Pre-COVID, food-to-go was the hero of the food and drink market - growing at twice the rate of the grocery retail with high levels of dynamism and innovative thinking from retailers and specialist operators. However, as lockdown restrictions rolled out across country after country, consumers’ daily routines changed overnight.  Coffee shops and takeaways in cities, transport hubs and shop...
21 July 2020
As retailers across the Nordics invest in foodservice opportunities in-store, out of store and online, we share some of the latest innovations from Finland. 1. Europe’s biggest sushi seller and country’s biggest venue in new partnership Kesko K-Citymarket Järvenpää, which won the IGD Store of the Year award 2019 claims to be Europe’s biggest sushi seller, selling thousands of kilograms...
16 July 2020
Leading food-to-go chains are passing on the tax cuts announced last week by the UK Chancellor. The temporary reduction in VAT from 20% to 5%, worth £4bn, came into force on 15 July allowing firms in the food, drink and hospitality sectors to slash prices.  The scheme will run until 12 January 2021. The scheme is part of a package of measures to help companies recover and get consumers spen...
16 July 2020
Following the launch of a pilot Instacart Meals programme in January, Publix and Instacart are rolling out the initiative across the chain of over 1,200 stores. Instacart seeking to grow meal delivery business The Instacart Meals service enables Publix customers to order products from the major US retailer’s deli, including meal solutions, for store pickup or delivery in as little as one ho...
16 July 2020
McDonald’s has recommended price cuts to it franchises following last week’s VAT cut announcement by the UK government.  Paul Pomroy, McDonald’s chief executive UK and Ireland commented: “ We welcome the timely package of measures from the UK government to protect the hospitality sector. They enable us, along with our franchisees, to protect our people, absorb the increased costs of oper...
09 July 2020
Leading UK food-to-go retailer, Pret, has announced that 30 sites will close permanently as part of a restructure to cope with the impact of COVID-19.  The closures represent just over 7% of Pret’s 410-strong estate. Two-thirds of the closures will be outside London, including sites in Glasgow, Reading, Cardiff, Edinburgh, Nottingham and Sheffield.  It will also start a consultation to reduce hea...
03 July 2020
US-based Wegmans is permanently closing all its Pub by Wegmans locations, having temporarily closed them during the COVID-19 pandemic. Pivoting towards fast-casual, pickup and delivery Wegmans operated 12 ‘Pub’ restaurants within its stores, offering a casual dining experience and adult beverages. Moving forward, the retailer will focus on fast-casual solutions, including in-store, for pick...
01 July 2020
Leading retailer of food in travel locations, SSP has indicated that it is initiating a major review of its UK operations in the light of slow returning business post-lockdown.  With global sales running 90% below normal levels in June, the business is beginning to see an uptick in traffic in some geographies as lockdowns are eased in North America and Continental Europe.  However, this relative ...