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Greggs outlines store expansion plans as baguette sales increase
Baker Greggs yesterday detailed plans to open 600 more stores, create 6,000 jobs, and upgrade its supply chain at a cost of up to £300m as it posted a rise in third-quarter sales.
The firm, which sells sausage rolls, cakes and bread to over 6m customers a week from about 1,400 outlets, said it intended to open 50-60 new shops in 2010 and from 2011 onwards at least 70 a year. It will also double the rate of shop refits to 120 a year from 2010.
News of Greggs’ expansion plans came as it said sales at stores open at least a year increased 0.2 per cent in the 16 weeks to 17 October – in line with the firm’s expectations. And the group said total sales rose by 2.5 per cent due to a boost in baguette sales.