THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Greggs sales pick up following end of heatwave

Bakery chain Greggs said that a decline in like-for-like sales had slowed in its third quarter as trade improved in August and September from July when the hot weather kept customers away.

GENERAL MERCHANDISE

Greggs sales pick up following end of heatwave

Bakery chain Greggs said that a decline in like-for-like sales had slowed in its third quarter as trade improved in August and September from July when the hot weather kept customers away.

In the 13 weeks to 28 September 2013 like-for like sales fell by 0.5% year-on-year, which was an improvement on the 2.9% decline seen in the first half of the year. Total sales grew by 3.6% driven by new shop openings and continued growth from the retailer’s franchised shops.

This means that in the year to date total sales are up by 3.5%, with like-for-like sales down by 2.1%

Greggs chief executive Roger Whiteside said: "We are encouraged by the recent improvement in like-for-like performance, although with consumer disposable incomes still under pressure we remain cautious. Cost inflation is in line with our expectations and the group's cash position remains strong. Our overall outlook for the full year is unchanged.”

Greggs, which operates 1,700 stores, has refitted 141 shops so far this year and plans to complete 215 refurbishments in the full year. It now expects no increase in net shop numbers as openings match closures.

Whiteside added: “We have made good progress in developing our strategic plan and our focus on the 'Bakery food-on-the-go' format. Customers are enjoying the contemporary new look, easy to navigate range and the provision of seating wherever possible."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy