Research undertaken by accountancy firm Price Bailey has found that more than one in 10 (12%) restaurants are at imminent risk of closure, a result of declining consumer confidence and ongoing inflation.
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Small and mid-sized suppliers in the alcoholic drinks sector could tap into an extra £27,575 in repeat sales by enhancing customer loyalty, according to a recent report. The research, a joint effort by Oxford Brookes Business School and ProspectSoft, part of The Access Group, points to significant revenue potential for manufacturers, wholesalers and distributors. The study indicates that many SMEs are losing out on repeat business from customers who stop buying after their third purchase.
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A mental shift around harnessing digital capabilities and automation this year has moved businesses towards stock management systems that free up time and capital to focus on sharing information and storytelling with customers.
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The biggest challenge for the Italian wine trade is recovery in the on-trade, according to Pierpaolo Penco, Italy country manager at Wine Intelligence, speaking ahead of publication of the Italy Wine Landscapes 2020 report, due out this week.
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Companies are calling on the government to reassess its package of relief support which they say doesn't go far enough, fast enough, to help cash-strapped businesses through these turbulent times.
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