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Birmingham Post
Birmingham Post
Business
Tom Keighley

Greggs eyes more shop openings this year as sales shoot up

Bakery giant Greggs says it plans to open yet more shops during the remainder of this year as its sales increased thanks to cost-conscious customers.

The high street firm said in a third quarter trading update that it had so far opened 106 new locations and closed 16 existing shops - but was still aiming for a net increase of about 150 this year. Among the openings are new formats such as drive-thru sites at Amesbury and Durham, as well as Tottenham Hale underground station and London's Liverpool Street Station.

Around 40% of the new shops will be run by franchise partners, the Newcastle-based business said. Greggs has previously said this setup allows it to access locations such as motorway service areas, petrol filling stations, educational establishments and smaller high street convenience sites.

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