Cafe Coffee Day shuts 280 retailers

New Delhi, July 20

Homegrown espresso chain Cafe Coffee Day (CCD) has closed down round 280 retailers within the first quarter of the present fiscal yr, citing profitability points and sure future improve in bills, the corporate stated.

With these closures, the overall rely of its retailers stood at 1,480 as on June 30, 2020.

CCD is a model owned by Coffee Day Global, a step-down firm of Coffee Day Enterprises Ltd. The chain additionally reported a decline in common gross sales per day per cafe to Rs 15,445 throughout the April-June quarter from Rs 15,739 within the corresponding interval final fiscal. — PTI

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