Summary
YATES Group, the wine bars operator that was hit hard by the High Street slowdown during the bear market, today told investors a strong improvement in sales in recent weeks meant profits for its financial year would come in at the top end of expectations, writes Jim Armitage.
Pressure on operators to cut prices is also on the wane, chief executive Mark Jones said, meaning pressure on margins was easing. "We're still having to run promotions Sunday to Thursday but it's nowhere near as bad as before.See the full content of this document
Extract
New-Look Yates Pull in Punters
This time last y...
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