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 &pound;300m as it posted a rise in third-quarter sales.<br /><br />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.<br /><br />News of Greggs&rsquo; 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 &ndash; in line with the firm&rsquo;s expectations. And the group said total sales rose by 2.5 per cent due to a boost in baguette sales.<br />