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As the situation in Greece, Portugal, Spain and other Eurozone economies continue to worsen there is increasing pressure on the Eurozone which has seen the dollar and sterling move higher. Despite...
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Monday 21st July 2008
As the price of living continues to spiral higher and higher it seems that more and more people in the UK are ordering takeaways rather than looking at a more expensive night at a restaurant. Figures from rising star Domino’s Pizza show that demand for their services has never been higher with profits for the 6 months up a staggering 32% to £10.9 million.
Domino’s Pizza has been on a steady growth trail for some time and now has 526 stores in the UK with plans to open a further 50 this year. It seems that while the rest of the business community continue to suffer there may be a recession proof business after all!
However, a closer look at the figures will reveal that the group may only be small but it is a very tightly run ship with a number of very astute captains at the helm. The company has been very sharp in arranging longer term arrangements with their suppliers which ensure that sharp rises in the cost of ingredients are very much under control. While the group admit that there will probably be an increase in the cost of ingredients next year this should only be very modest due in the main to the amount of business they are able to guarantee those associated with them. |
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