{"id":23604,"date":"2023-04-25T23:36:26","date_gmt":"2023-04-25T23:36:26","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/uks-pret-hikes-price\/"},"modified":"2023-04-25T23:37:06","modified_gmt":"2023-04-25T23:37:06","slug":"uks-pret-hikes-price","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/uks-pret-hikes-price\/","title":{"rendered":"UK&#8217;s Pret hikes price of coffee subscription service, offers food discount"},"content":{"rendered":"<p>LONDON (Reuters) &#8211;     British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include a 10% reduction on everything sold in its shops.<\/p>\n<p>The group, commonly referred to as Pret, launched its coffee subscription service in September 2020, trying out a new business model to get it through the COVID-19 pandemic which hammered its sales. It initially charged 20 pounds a month, increasing it to 25 pounds a month in February last year.<\/p>\n<p>Pret, which trades from 439 UK shops, said on Wednesday the service was being rebranded to &#8220;Club Pret&#8221;.<\/p>\n<p>Subscribers will still be able to get up to five barista-prepared drinks per day, but will also get a 10% discount on all food, snacks and any additional drinks they purchase.<\/p>\n<p>Official UK data published last week showed overall consumer price inflation fell to 10.1% in March. However, prices of food and non-alcoholic drinks were 19.1% higher in March than a year earlier, the biggest such rise since August 1977.<\/p>\n<p>Pret, owned by investment firm JAB and founder Sinclair Beecham, said the coffee subscription service has been &#8220;hugely successful&#8221;.<\/p>\n<p>It said the service is used 1.25 million times per week in the UK, up 11% year-on-year, and has been rolled out to the United States and France.<\/p>\n<p>Pret declined to say how many subscribers it has.<\/p>\n<p>In 2021, Pret set out a plan to double the size of its business by 2026. Globally it trades from over 550 shops.<\/p>\n<p>($1 = 0.8035 pounds)<\/p>\n<p \/>\n<p> (Reporting by James Davey; Editing by Kirsten Donovan)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/uks-pret-hikes-price\/take-away-coffee-cups-stand-on-a-table-inside-a-pret\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3O0ZH-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3O0ZH-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include a 10% reduction on everything sold in its shops. The group, commonly referred to as Pret, launched its coffee subscription service in September [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":23605,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-23604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3O0ZH-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=23604"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23604\/revisions"}],"predecessor-version":[{"id":23606,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/23604\/revisions\/23606"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/23605"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=23604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=23604"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=23604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}