Supermarket sales of alcohol soar while pubs struggle
The British Beer & Pub Association (BBPA) has welcomed the first Three Lions final in over 50 years, but has warned that trading restrictions will hinder what would have been a welcome boost for pubs.
The Association has predicted that England fans will buy over 7m pints during the final UEFA Euro 2020 match, which will see England face Italy on Sunday 11th July. It is the first time England will play in the finals for 55 years and fans are jubilant to have made it this far - but winning is still the goal.
Pubs struggle with restrictions while supermarket sales of drinks soar
Pubs however, will not be so triumphant. The association has warned that pubs are set to lose out on nearly £9m in beer sales during the final due to trading restrictions.
If the restrictions had been removed, pubs would have been able to sell an estimated 2.4m more pints to football fans.
Once all restrictions on pubs are lifted, the BBPA has urged the Government to invest in pubs, so they can begin their post-pandemic recovery.
A beer sector to be proud of
The British Beer & Pub Association supports the Long Live The Local campaign, which celebrates pubs and brewers, in addition to urging the UK Government to invest in their recovery.
The association is calling for:
- Reform of VAT, beer duty and business rates on pubs and breweries to help build stronger communities
- Jobs - as previously reported in Food Digital, Brexit and the pandemic have caused a shortage in roles for hospitality and food jobs
- Investments which will lead to a thriving British beer and pub sector to be proud of.
“After a 55 year wait, it is incredible to see England reach a tournament final”, said Emma McClarkin, Chief Executive of the British Beer & Pub Association. “Sadly though, the restrictions still in place on pubs are going to greatly hinder any boost they could have hoped from it. We expect England fans to buy over 7 million pints during the match at the pub. However, if restrictions had been lifted already for the final, we think as many as 9.5 million pints could have been sold during the match. Only when the restrictions are removed can our pubs recover, but to do so they need Government investment to build back better.”
Coca-Cola sales soar as the world remerges
Now that the hospitality world is opening up again, Coca-Cola has risen in the second quarter, as the non-alcoholic beverage of choice for those dining out.
Coca-Cola, casually known just as Coke, is a beverage which needs no introduction. Its signature shade of red identifies the product - sold in every country in the world, except for Cuba and North Korea. The company was founded in 1886 and remains headquartered in Georgia, USA, where the beverage has a revenue of $37b.
Coca-Cola’s revenue rises
Coke shares rose 2.3% on Wednesday morning in New York and the stock was up 1.8% this year.
The beverage giant believes that this is sure proof that consumers who were confined to their homes for months reduced their consumption of Coca-Cola while at home.
But now consumers are allowed to return to a level of normality, they are celebrating with their favourite chilled beverage - especially those who caught Coronavirus and suffered the loss of taste and smell.
Coca-Cola’s enduring popularity
The staff at Coca-Cola are thrilled, but not surprised, to discover that consumer tastes have not changed over the pandemic.
“Our results in the second quarter show how our business is rebounding faster than the overall economic recovery”, said James Quincey, Coca-Cola’s Chief Executive Officer. The company in particular cited a rebound in “away-from-home channels” as pandemic restrictions eased, sending sales above 2019 levels.
Coca-Cola also noted the unit case volume grew, covering:
- 17% in North America
- 21% in the Europe, Middle East and Africa region