Daily Boom II

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8387862.stm

Pub operator JD Wetherspoon has announced it will open 250 pubs over the next five years, creating 10,000 jobs in the process.

The new pubs represent a slight increase in the group's current rate of expansion.

The group opened 39 pubs in the year to the end of July, and had already announced it would open 40 new pubs by the middle of next summer.

Wetherspoon recently reported record sales in the year to the end of July.

The group said it would invest £250m in the new outlets over the five years.


Recession, Depression, Downturn?

[thunderlizard]

Wetherspoons is countercyclical. As is KFC, the other powerhouse of recovery.

[DimPrawn]

Wetherspoons is countercyclical. As is KFC, the other powerhouse of recovery.

So as unemployment rises, so does the spend down the pub?

[thunderlizard]

A bit. Also people gravitate towards pubs whose only attraction is cheapness, like the 'spoon.

[OwlHoot]

http://news.bbc.co.uk/1/hi/business/8387862.stm

Pub operator JD Wetherspoon has announced it will open 250 pubs over the next five years, creating 10,000 jobs in the process.

So each pub will have 40 bar staff? Crikey, the service will be brilliant - There will be one long line of them behind the bar, like a row of footmen behind the chairs at a state dinner.

[MrMark]

So each pub will have 40 bar staff? Crikey, the service will be brilliant - There will be one long line of them behind the bar, like a row of footmen behind the chairs at a state dinner.

Be quicker service if that was true! Of course the figure includes purchasers, extra head office bods, cooks, cleaners even bouncers etc. Maybe even a few more IT support for the cash registers?

[swamp]

Isn't Weatherspoons just for upmarket alchies?