City snapshot: Record year for Cake Box despite Covid disruption
Top story Cake retailer Cake Box is set to report a record year despite the challenges of ongoing lockdowns throughout 2020 and 2021. The group said there was a sustained recovery in trading as shops began to reopen last summer following the first nationwide lockdown. In the 40 weeks from 1 June 2020 to 7 March 2021, like-for-like sales in the franchise stores grew by 14.7%. The fresh cream cakes retailer added in the trading update that it expected to report record revenues for the year ended 31 March, with sales up around 16% and pre-tax profits in line with market expectations. The additio...
Source: thegrocer.co.uk