Stat of the day: £2m

The amount Costa Coffee owner Whitbread says it has lost as a direct result of the cold weather.

by Emma Haslett
Last Updated: 15 Dec 2010
Here's some concrete proof of the cost of the snow: Whitbread, the owner of Costa Coffee and Premier Inn, says it has lost out on £2m worth of sales, thanks to the icy weather.

Whitbread isn't the only one to have suffered from the chilly weather: HMV, Tesco and John Lewis also reported that shoppers were choosing to stay away from the High Street as the icy conditions gripped Britain. And with the freezing weather expected to continue over the next couple of weeks, retailers aren’t expecting things to get better any time soon. Global insurers RSA predicts another cold snap in the last few days before Christmas could cost the UK economy £1.2bn-£1.4bn a day.

Then again, Whitbread didn't lose out that much: the company still posted some pretty impressive figures in its trading update for the 13 weeks to December, with like-for-like sales managing to rise by 6.8%, despite the Big Freeze. So it can't have been that bad...

Find this article useful?

Get more great articles like this in your inbox every lunchtime