Carluccio's Expects Tough Trading Times

By Alan Lodge

- Last updated on GMT

Related tags: St pancras railway station

Carluccio's Expects Tough Trading Times
Italian restaurant chain Carluccios has admitted trading conditions in the coming months will be tough amid pressures on the UK economy and a consumer spending squeeze.

ITALIAN restaurant chain Carluccio`s has admitted trading conditions in the coming months will be tough as it announced its outlets are continuing to perform in line with the board`s expectations.

Trading across its 35 outlets for the 26 weeks ending March 23 grew by 19 per cent on the previous year.

In a statement, the company said: "With the widely publicised pressures on the UK economy and consumer spending, it is likely that trading conditions will remain challenging over the coming months."

However, the company added that it believed its business model will continue to prove beneficial in such conditions.

Carluccio`s outlets are open all day, combining a restaurant and retail offering, with low average spends per head of £12 in the restaurant and £8 in the retail shop.

In the financial year to date, the company has also opened three new stores in Stratford-upon-Avon, Manchester and most recently in Heathrow, Terminal 5.

A fourth opening is scheduled for mid-April in the newly refurbished St Pancras International train terminal and a fifth opening is planned for Cambridge, anticipated to be in June 2008.

The company has set itself a minimum opening target of five stores per annum.

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