Japanese restaurant group Skylark to end 24-hour trading
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Japanese corporate restaurateur Skylark Holdings says it will discontinue 24-hour trading of 150 stores by April.
Skylark, one of Japan’s largest family-owned restaurant operators, owns the Jonathan’s and Gusto chains, among other brands. It launched 24-hour trading in 1972 and according to the company, about 10 percent of its daily revenue comes in between midnight and 6 am.
The company says while round-the-clock trading appeals to customers, the increasing costs of labor makes it less viable to trade all night. Instead, it will focus on peak meal times.
In total, Skylark owns 560 eateries across the country. Many of the other stores will have trading hours trimmed by a couple of hours a day to reduce labor costs.
Questions & Answers
Q.How many of Skylark's restaurants will cease 24-hour trading?
How many of Skylark's restaurants will cease 24-hour trading?
Skylark Holdings plans to discontinue 24-hour trading at 150 of its stores. This change is expected to be implemented by April, affecting a significant portion of its round-the-clock operations.
Q.When did Skylark first start offering 24-hour service?
When did Skylark first start offering 24-hour service?
Skylark initially launched its 24-hour trading operations in 1972. This long-standing service, which has been available for many decades, is now being scaled back due to viability concerns.
Q.What is the main reason for Skylark ending 24-hour trading?
What is the main reason for Skylark ending 24-hour trading?
The primary reason for ending 24-hour trading is the increasing costs of labour, which make it less viable to operate all night. The company will instead focus on peak meal times to optimise its operations.
Q.How much of Skylark's daily revenue comes from late-night trading?
How much of Skylark's daily revenue comes from late-night trading?
According to the company, approximately 10 percent of its daily revenue is generated between midnight and 6 am. Despite this, the rising labour costs are making these overnight operations unsustainable.
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