The unusually cold weather has managed to hurt yet another leisure group, as JD Wetherspoon, the pubs owner, yesterday revealed. The company reported a sharp fall in sales as snowbound drinkers preferred to stay home.
Wetherspoon shared that sale at pubs that had been operational for over a year managed to fall by 0.3% in 12 weeks up-to 17 January. Presently the company owns and operates 700 pubs, with some 40 located across Scotland.
Pubs group JD Wetherspoon registered a reduction in like-for-like sales during its fiscal second quarter as January's extended outbreak of snow kept drinkers at home, resulting in limited people in pubs thereby offsetting strong Christmas trading.
Chief Executive John Hutson said, "A couple of bad weeks in January we'll have to take on the chin but we're trading well. We think about 1 percent growth in the second half is, based on current trading, where we're at".
JD Wetherspoon, the popular pub chain, has decided to extend its January Sale, which has managed to create much controversy every since it started last year, only this time, the company will be going a step further and also including free glasses of wine and shots of gin.
Charities are now raising concerns that the offer would promote people to indulge in "high levels of binge drinking".
Pubs chain JD Wetherspoon announced on Tuesday it plans to open 250 new pubs over the next five years in a move that would create 10000 jobs.
JD Wetherspoon said it would invest 250 million pounds in the new pubs over the five year period.
Speaking on the decision, Wetherspoon's chairman Tim Martin said, “Our pubs are extremely popular and we wish to build on their success by opening more.”
Tim Martin further added that falling property prices due to recession provided Wetherspoon with an opportunity to expand.