Pret A Manger is working with specialist business consultants to devise a plan that will prepare it for the “new retail environment” it faces.
The 500-strong sandwich chain is reopening more than half of its stores this week, but it faces the prospect of reduced income with much of its core office worker customer base still at home.
Pret has hired Alvarez & Marsal and CWM to advise on a “comprehensive transformation plan” that takes into account the changing retail landscape, according to the Financial Times.
“Reduced footfall, combined with high rental costs, have placed substantial pressure on our business,” said CEO Pano Christou. “We are putting together a clear plan to address these issues and are already making good progress.”
Pret has largely been closed since the government lockdown was announced in March. However, it did reopen a handful of stores in April following requests from NHS workers and hospitals that they want to be able to access freshly-made food nearby.
Pret recently published a video outlining the steps it is taking to keep customers and staff safe as it reopens its stores.
View the video below: