Net Sentiment: Can social data explain the Wagamama phenomenon?
This week, the Financial Times revealed that popular casual dining chain Wagamama, valued at up to £750 million, could be sold as early as this summer. Launched in 1992, the chain has grown to over 130 restaurants in the UK, alongside more than 60 abroad. Last year saw sales grow by 8%, in stark contrast […]
Brexit economic uncertainty or seasonality? Why the restaurant sector is seeing a decline
Why is the restaurant sector seeing a decline? Economic uncertainty following Brexit and Trump has reduced the disposable incomes of many, increasing the preference of “dining in” as opposed to “dining out”. Restaurants: like-for-like sales -0.6% Pubs: like-for-like sales -1.2% YOY sales: -1.0% Intent to go out: -2.93% Political impact on decision to go out: […]