The Rise and Fall of Pret a Manger
My guess from chatting to some of the people in the stores is there&#x27;s gonna be a bloodbath. Your average food shop is running on what kind of margin? Maybe 20% at best, 15% more commonly?<p>I chatted with a guy who says his business is down 90%. The guy at Subway said something similar. Before the apocalypse, the business made sense because of the sheer number of people walking by. You could pay for the food, the labour, and the landlord, reliably, because there are so many jobs based in central London.<p>Now that WFH has been &quot;discovered&quot; it&#x27;s doubtful. I mean if everyone works from home just one day a week, that&#x27;s 20% fewer sandwiches they will need to buy.