Wednesday, 17 January 2018

New Greggs 130 new stores expected to create 1,500 jobs

Greggs is planning to open 130 new stores this year in a move it hopes will create around 1,500 jobs.
The food-on-the-go bakery chain said record investment in its supply chain would enable the expansion, under which half the new stores would be franchise opportunities.
It announced the plans despite continuing concerns for the health of the high street as shops and shoppers battle higher costs, especially from Brexit-linked inflation, though that is expected to ease as 2018 progresses.

In a trading update covering its fourth financial quarter, Greggs said it had weathered the pressures, with like-for-like sales rising 3.7% over the past year, though growth slowed to 3% over the festive season.

It blamed a tough comparison with Christmas 2016.

Over the past 12 months, Greggs opened 131 new stores but closed 41 as it sought the best locations for its offering.

SKY         News.