New CEO for Greggs as sales slow at its 2,181 stores with inflation and supply chain issues hitting the sector hard January 6, 2022 Greggs has revealed sales continue to rise at its 2,181 stores although bosses said more recent Covid restrictions led to sales growth easing in December. The company also said rising inflation and supply chain issues facing the sector continue to hit but added it enjoyed strong sales of Christmas products, including 6.7m mince pies. Separately, [...]
Things between Zurich and Greggs heat up as insurer insists on slicing bakery’s £100m covid claim to £2.5m December 14, 2021 Zurich Insurance has retaliated in a London court against a claim by bakery chain Greggs for between £50m to £100m in payouts for Covid-19 related losses, according to reports. The insurance giant told the court that its business interruption cover went up to £2.5m for a single event, according to Legal 360, which first reported [...]
Greggs maintains positive sales trajectory despite shrinking pent-up demand June 28, 2021 Bakery chain Greggs has maintained a positive sales trajectory as restrictions ease, it said in its trading update today, with sales only slightly knocked by shrinking pent-up demand. The high street retailer last reported its trading performance on 10 May, at which point it had seen a strong recovery in sales levels following the easing [...]
Greggs predicts profit to bounce back to pre-pandemic levels as restrictions lift May 10, 2021 Bakery chain Greggs this morning said profit for the year is expected to beat expectations and return to pre-pandemic levels, as long as no further Covid restrictions are implemented. The firm said sales had recovered well in recent weeks as the “stay at home” order was eased, buoyed by a lack of competition from cafes [...]
Central London to get ‘half a dozen’ new Greggs stores following rent bonfire March 16, 2021 Half a dozen new Greggs stores will open up in zones one and two in central London, including in the City of London, after falling rents in the capital made London spaces more attractive. Greggs reported its first annual loss today since listing on the stock exchange in 1984, after coronavirus restrictions forced store closures [...]
Greggs off to better start after swinging to first ever loss in 2020 March 16, 2021 Greggs said that it had made a stronger-than-expected start to 2021 after seeing sales slip back last year as a result of the coronavirus pandemic. The impact of the pandemic meant the baked goods peddler swung to a £13m loss, a huge flip from the £108m profit it made the prior year. That beat the [...]
Greggs expects £15m full-year loss as coronavirus restrictions bite January 6, 2021 Greggs will swing to a full-year loss of up to £15m due to the impact of coronavirus lockdowns on trading, the high street bakery chain announced this morning. The company, which has cut 820 jobs due to the crisis, said the drop in demand means it expects to report a loss before tax for 2020 [...]
Greggs to cut 820 jobs as Covid-19 impact bites November 13, 2020 Greggs will cut 820 shop staff jobs as it expects trading to remain below normal for the foreseeable future due to the Covid-19 pandemic, a company spokeswoman confirmed this evening. In September Greggs launched a consultation with union and employee representatives and was aiming to minimise job losses by negotiating reduced staff hours. The company [...]
Greggs aims to open new sites despite Coronavirus taking a bite out of sales, as staffing cuts loom September 29, 2020 Job cuts are a likely addition to the mennu at high street bakery chain Greggs as the vegan sausage roll maker's sales slump
Greggs to reopen 800 shops this week as baker rolls out lockdown exit plan June 16, 2020 It has been a long time since you could get your hands on Greggs’ famous vegan sausage rolls – but the wait will finally come to an end this week. Greggs is to reopen 800 shops on Thursday, having successfully trialled social distancing measures in a small number of stores, with the remaining 1,250 shops early [...]