Wetherspoons announces new wave of closures bringing total to 39

It comes after JD Wetherspoons revealed slowing sales earlier this week and said it is facing 'substantially higher' costs across the group

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The popular pub chain JD Wetherspoon has announced that they will be selling seven additional pubs onto of the 32 they said they would be selling earlier this year.

This brings the total number of pubs set to be sold to 39.

The company is yet to announce the seven latest pubs to be added to the list.

It comes after JD Wetherspoon revealed slowing sales earlier this week and said it is facing “substantially higher” costs across the group.

The pub chain saw like-for-like sales drop 1.1% in the five weeks to November 6 when compared with pre-pandemic trading in 2019, having risen by 1.5% in the previous nine weeks.

Compared with a year ago, sales rose 10.1% in the first nine weeks of its financial year and were 8.9% higher in the past five weeks.

The popular pub chain JD Wetherspoons has announced that they will be selling seven additional pubs onto of the 32 they said they would be selling earlier this year.
The popular pub chain JD Wetherspoons has announced that they will be selling seven additional pubs onto of the 32 they said they would be selling earlier this year.

It said trading was “broadly” in line with its expectations but that October had been a slower month.

“Costs, especially in respect of labour, food and repairs, were substantially higher” in the first quarter, the group added.

Shares in the firm fell 3% in early trading on Wednesday.

Wetherspoons chairman Tim Martin said the firm remains “cautiously optimistic” despite the cost pressures hammering the hospitality sector.

He said he previously set out “various threats to the hospitality industry and these continue to apply”.

“Those caveats aside, in the absence of further lockdowns or restrictions, the company remains cautiously optimistic about future prospects,” he said.

Wetherspoons chairman Tim Martin said the firm remains “cautiously optimistic” despite the cost pressures hammering the hospitality sector.
Wetherspoons chairman Tim Martin said the firm remains “cautiously optimistic” despite the cost pressures hammering the hospitality sector.

The 32 pubs that have already been put up for sale are:

Barnsley: Silkstone Inn

Beaconsfield: Hope & Champion

Bexleyheath: Wrong ‘Un

Bournemouth: Christopher Creeke

Cheltenham: Bank House

Durham: Water House

Halifax: Percy Shaw

Hanham: Jolly Sailor

Harrow: Moon on the Hill

Hove: Cliftonville Inn

London Battersea: Asparagus

London East Ham: Miller's Well

London Eltham: Bankers Draft

London Forest Gate: Hudson Bay

London Forest Hill: Capitol

London Hornsey: Toll Gate

London Holborn: Penderel's Oak

London Islington: Angel

London Palmers Green: Alfred Herring

Loughborough: Moon & Bell

Loughton: Last Post

Mansfield: Widow Frost

Middlesborough: Resolution

Purley: Foxley Hatch

Redditch: Rising Sun

Sevenoaks: Sennockian

Southampton: Admiral Sir Lucius Curtis

Stafford: Butler's Bell

Watford: Colombia Press

West Bromwich: Billiard Hall

Willenhall: Malthouse

Wirral: John Masefield