Skip navigation

Gloucestershire Business News

Hotel Chocolat experiences sweet taste of success

Hotel Chocolat plans to open 50 new shops in the UK after enjoying its best Christmas shop sales ever.

The company, which opened its first shop in 2004, saw UK sales rise 10% in the nine weeks to 25 December.

Today it has 126 UK branches, including Cheltenham and Gloucester Quays and said it saw a switch back to store sales and away from online over the festive period.

Its sweet taste of success was helped by the new mince pie-flavoured drinking chocolate which proved a "real hit".

The group is now eyeing up expansion across London.

Angus Thirlwell, co-founder and chief executive of Hotel Chocolat, told the Financial Times: "Retail is very much back. When people step into a Hotel Chocolat, there is a sense of discovery, excitement. That sensorial element is not to be understated."

He added: "We saw 10 per cent like for like store growth in the nine week key Christmas period. "We're looking at retail in the UK as a model and thinking this is looking pretty good for us."

Despite the jump in UK sales, Hotel Chocolat's sales overall were down from a year earlier following problems overseas. Last year, the company's Japanese business went through insolvency.

It also plans to produce fewer Easter eggs this year, opting to "play cautious".

Mr Thirlwell told The Telegraph the company is "not making bets on as much stock" and expects to sell out of Easter eggs rather than having to shift excess items at discounted prices after the holiday.

It's an approach that it took over Christmas, resulting in an 80% drop in leftover Christmas stock in January.

Related Articles

VIDEO: Last piece of Gloucester Quays for sale Image

VIDEO: Last piece of Gloucester Quays for sale

Gloucester-based Numold is to sell its canalside property in the middle of Gloucester Quays after 30 years.

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Auction: 11 retail units for sale in Cheltenham Image

Auction: 11 retail units for sale in Cheltenham

Winchcombe Street shops go under the hammer.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.