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finlo
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Perhaps if you concentrate on the basics, instead of huge expansion plans, as though you are a conglomerate, then it’s possible to ride out the economic storm and survive. I’m sure their bread is incredibly nice and a joy to eat but personally I’m happy with ordinary whole meal from Tesco, Shopshite, Spar or the Coop. I would think that many residents are worrying about paying their bills, keeping their heads up and hoping they still have jobs. It’s the highly paid yuppie types, the egamers, some finance workers and the professional classes who will buy lots of Noa products including having a coffee. Perhaps there are loads of  people who buy lots of artisan bread. I’ve had artisan bread and other products and yes I can afford it, but to me it’s an indulgence, a treat every now and again. 

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1 hour ago, Roger Mexico said:

There's also a piece on Gef.  Reading it I can't be sure if they are cutting back or expanding.  Moving out of Fort Street to larger premises nearby where they can combine the bakery with a café again looks like expansion to me and they don't seem to be shutting the Market Hall operation down.  At most they seem to be switching production from bread to other (probably higher margin) lines.

The Market Hall outlet will be transformed into something quite different and they’re consolidating the bakery operations elsewhere. Same as Cycle 360 the silly cycle shop / coffee shop format is so old hat as the lycra jockeys don’t buy your expensive food and drink anyway. 

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37 minutes ago, offshoremanxman said:

The Market Hall outlet will be transformed into something quite different and they’re consolidating the bakery operations elsewhere. Same as Cycle 360 the silly cycle shop / coffee shop format is so old hat as the lycra jockeys don’t buy your expensive food and drink anyway. 

Isn't it basically going to become an Eagle Labs with red rather than blue, that happens to have a cafe in it? 'transformed' I'm not so sure. I've been in the one in Jersey, it didn't change my life.

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5 minutes ago, NoTailT said:

Isn't it basically going to become an Eagle Labs with red rather than blue, that happens to have a cafe in it? 'transformed' I'm not so sure. I've been in the one in Jersey, it didn't change my life.

It’s a much better idea than a bike shop where over grown children can spunk £5K on a bike in between lattes.

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3 hours ago, Roger Mexico said:

There's also a piece on Gef.  Reading it I can't be sure if they are cutting back or expanding.  Moving out of Fort Street to larger premises nearby where they can combine the bakery with a café again looks like expansion to me and they don't seem to be shutting the Market Hall operation down.  At most they seem to be switching production from bread to other (probably higher margin) lines.

I doubt beer has a bigger margin, unless they are licensing the premises then the get the production profit and the retail profit

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39 minutes ago, offshoremanxman said:

It’s a much better idea than a bike shop where over grown children can spunk £5K on a bike in between lattes.

This overgrown child savours the opportunity to drool over bike porn whilst the kids have pancakes and the wife a cappuccino.  Personally I think a bike shop cafe combo is a great idea. I also think the food at 360 is better than Noa. 

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1 hour ago, NoTailT said:

Isn't it basically going to become an Eagle Labs with red rather than blue, that happens to have a cafe in it? 'transformed' I'm not so sure. I've been in the one in Jersey, it didn't change my life.

Santander Bank/Cafe like Jersey. I think Noa are running it but could be wrong. 

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22 minutes ago, The Phantom said:

This overgrown child savours the opportunity to drool over bike porn whilst the kids have pancakes and the wife a cappuccino.  Personally I think a bike shop cafe combo is a great idea. I also think the food at 360 is better than Noa. 

I think the format has probably had it’s day now. 

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