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Regent Inns cautious over consumer confidence
By Tom Walker
Pub group Regent Inns has expressed its concern over the predicted slowdown in consumer spending after it experienced a fall in sales.
Reporting its first quarter figures, like for like sales fell 1 per cent, despite being boosted by the unexpected success of the English rugby team.
In a statement, the company said that it remained wary of the prospects of its Jongleurs comedy club business in the current climate.
A spokesperson said: “The board remains cautious in its outlook for entertainment bars, given the increasing likelihood of a slowdown in consumer spending, the full impact of the smoking ban and the uncertainty over England football team’s participation in Euro 2008.”
Pub group Regent Inns has expressed its concern over the predicted slowdown in consumer spending after it experienced a fall in sales.
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