Coffee Lovers Defy Fall in Consumer Spending

Summary


THE squeeze on consumer spending is failing to deter coffee lovers after the owner of Costa reported a surge in half-year sales.

The Whitbread-owned coffee chain, which has 1,295 stores in the UK and 1,986 worldwide, saw like-for-like sales growth of 6.6% in the 24 weeks to August 18 and a 25% lift in sales including new store openings.

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Extract


Coffee Lovers Defy Fall in Consumer Spending

The surge in total sales is due to the chain's aggressive expansion plans, ...

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