Greggs to open 100 new stores despite sales slump
- Credit: Archant
Bakery chain Greggs, with stores across Norfolk, has said it is set to slump to an annual loss.
It has warned profits will not recover until at least 2022 as the pandemic hammers sales.
But it has vowed it will continue to consider opening 100 new stores across the UK. It is not yet known whether any will be in Norfolk.
Roger Whiteside, chief executive officer, said: "We have resumed opening new shops where we see good opportunities, with those sites accessed by car performing particularly well."
The bakery, which recently axed more than 800 jobs amid the coronavirus crisis, said like-for-like sales fell by nearly one-fifth to January 2. Total sales for the year slumped by nearly one-third to £811m.
You may also want to watch:
The group said it was braced for annual pre-tax losses of up to £15m, against profits of £108.3m the previous year, though it said the hit was contained thanks to government support.
- 1 'That's when reality hit' - Footballer speaks about life changing weekend
- 2 'It's a dream' - Wedding shop opens up in Fakenham
- 3 7 outdoor events happening in Norfolk and Waveney this weekend
- 4 Door-to-door salesman charged after 'aggression' complaints
- 5 Norfolk has no Covid patients in critical care for first time in six months
- 6 Day of two halves - Footballer wins £80,000 and breaks leg in 24 hours
- 7 Stately home to host work by famous sculptor
- 8 On the buses: Mobile Covid vaccination service is launched
- 9 'Back doing what I love' - Fakenham welcomes another 'new normal'
- 10 Hairdressers excited to reopen salon and welcome back clients