Arc reveals festive sales figures
Arc Inspirations has announced record sales for December 2023.
The operator of bar brands, Banyan, BOX and Manahatta has announced record sales for December 2023, with like-for-like growth and successful new openings contributing to the company’s best ever Christmas.
Arc Inspirations' like-for-like sales for the four weeks to the end of 2023 were up by 19.9%, compared to December 2022, with all brands outperforming the period on a like-for-like basis.
Sales at BOX were up by 30%, Manahatta by 24% and Banyan by 10%, while recent openings BOX Nottingham (+77%), Manahatta Sheffield (+48%) and BOX Brindleyplace in Birmingham (+25%) all significantly exceeded forecasts.
"Total sales grew by 54% over the festive period, which is a remarkable performance and one which I am delighted with," says CEO Martin Wolstencroft. "This gives us confidence in our brands, our teams and the market to accelerate our growth, with two Manahattas planned for opening this summer in Edinburgh and Liverpool."
Key Christmas dates
Arc says its brands performed well on key dates, with significant like-for-like sales increases on 'Mad Friday' (22 December), as well as strong increases on Christmas Eve, Boxing Day and New Year’s Eve.
Next in Arc’s growth plan will be its debut Scottish site, Manahatta Edinburgh, which will be the brand’s 10th site and Arc’s 21st overall.
Arc is also eyeing further launches in London, Liverpool, and Cardiff in 2024.
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