Arc Inspirations reports ‘record’ sales for December 2023
The bar operator experienced ‘significant’ like-for-like sales on Mad Friday, as well as Christmas Eve, Boxing Day and New Year’s Eve
Arc Inspirations, the operator of bar brands Banyan, BOX and Manahatta, has reported record sales for December 2023, as like-for-like sales increased by 19.9% compared with the same period last year.
The news comes as like-for-like sales at BOX rose by 30%, 24% at Manahatta and 10% at Banyan, while recent openings – BOX Nottingham, Manahatta Sheffield, and BOX Brindleyplace in Birmingham – all significantly exceeded sales forecasts.
According to the group, it experienced “significant” like-for-like sales on Mad Friday, as well as Christmas Eve, Boxing Day and New Year’s Eve. Some 12 of the company’s 21 sites also recorded their “best ever” sales week during the week commencing 11 December.
Martin Wolstencroft, co-founder and CEO of Arc Inspirations, said: “Total sales grew by 54% over the festive period which is a remarkable performance and one which I am delighted with. 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.
“To deliver these record sales is testament to the passion, commitment and flair shown by our teams, and great credit must go to our team in all departments who have pulled together to launch four new sites in the last year and delivered the best Christmas performance ever.”
Arc Inspirations also revealed plans to further launch sites in London, Liverpool and Cardiff in 2024, and create around 300 new jobs.
