One of my main tasks upon my return to the UK is to complete the work on updating our three year business plan. Conditions in the market place have changed significantly since the original plan was drawn up 18 months ago and our updated plan will need to factor these in, the biggest of which is rising food costs. What has also changed significantly is the property market with companies slowing down their expansion plans and divesting themselves of their poorer performing stores. Rents have yet to start to come down (if they ever will) but there is a sense that there is a new reality dawning for landlords.
It’s going to be an interesting few years and here at Vital we will be looking to take full adavante of the market conditions