Scores More Greggs Stores; BAKER SET FOR MORE EXPANSION PLANS

Evening Chronicle (Newcastle, England), January 13, 2010 | Go to article overview

Scores More Greggs Stores; BAKER SET FOR MORE EXPANSION PLANS


Byline: KAREN DENT

GREGGS is planning to open up to 60 more shops this year across the country. The Newcastle baker announced its plans as it revealed a jump in the number of Christmas shoppers tucking into its sweet mi nce pies and savoury pasties over the festive season.

Sales rose by 3.1% over Christ mas and increased by 6.5% during Christmas week itself.

Sweet-toothed customers bought more than one million Greggs mince pies a week in the month to Boxing Day and put away more than two million savoury festive bakes during Christmas week - 23% more than in the same week a year earlier.

Greggs issued the figures in a trading update to the stock market and said its total sales were up by 5% for its financial year, or by 0.8% on a like-for-like basis.

The company, which opened 49 new shops and closed 39 during 2009, now has a total of 1,419 Greggs outlets around the country.

Chief executive Ken McMeikan said: "We remain positive about our growth opportunities as we begin our programme of accelerated expansion to make the unique Greggs proposition accessible to many more consumers throughout the UK.

"We expect to add a net 50 to 60 new shops during the year, funding this growth and continued investment in our supply chain from our strong operating cash flow. …

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