Greggs

Today’s news in brief-16/7/24

Ocado Group reported a significant improvement in financial performance for the first half of the fiscal year ending 2 June 2024. The company narrowed its losses to £154m from £290m in the same period last year. Group revenue rose by 12.6% to £1.5bn, driven by strong growth in its technology…

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Greggs to open new Kettering distribution centre

Greggs has announced plans to open a new national distribution centre at Symmetry Park, Kettering, in partnership with Tritax Symmetry. According to Greggs, this initiative is a “key” part of its growth strategy, aimed at expanding its supply chain to meet the needs of its growing number of shops across…

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Sainsbury’s completes Cobham superstore renovation

Sainsbury’s has recently completed the renovation project of its Cobham supermarket to upgrade the entire store.  Over the past few months, employees in Sainsbury’s Cobham have been working to give the store a whole new look. The supermarket has been reimagined to showcase Sainsbury’s latest product offer and state-of-the-art format…

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Today’s news in brief-14/5/24

Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers. No formal sale process has started, but the chain, valued around £7bn, remains of interest. Previously, in 2022, WBA halted sale plans due to market instability, which affected financing. Despite…

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Greggs sales rise 7.4% to £693m in Q1

Greggs has reported that like-for-like sales rose 7.4% to £693m during the first 19 weeks of 2024, as it remains on track to open between 140 and 160 stores for the full year.  The group also progressed its strategic growth plan, with delivery sales, evening trade and increased participation in…

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Cribbs Mall to welcome Sweaty Betty store

Cribbs Mall has announced that Sweaty Betty will be opening a new 1,714 sq ft store at the West Country shopping centre. The activewear retailer’s arrival comes as the shopping centre experienced a bumper 2023, with over 110,000 sq ft of leasing activity that took the occupancy rate to nearly…

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Today’s news in brief-5/3/24

According to the British Retail Consortium (BRC), total retail sales rose by 1.1% in February year-on-year, attributed partly to February being the wettest on record. While food sales increased by 6%, non-food sales decreased by 2.5%, both below previous averages. In-store and online non-food sales also experienced declines. Despite positive…

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Greggs profits and sales soar in FY23

Greggs has reported pre-tax profits of £188.3m for the 52 weeks ended 30 December 2023, compared with £148.3m from the previous year. Its sales also increased 19.6% to £1.8bn and its underlying profit before tax excluding exceptional income was up 13.1% to £167.7m. The group opened a “record” 220 new…

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Today’s news in brief-10/1/24

Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…

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Greggs to open 160 new stores as FY23 sales rise

Greggs has revealed it plans to open between 140 and 160 new shops in 2024 as total sales in FY23 increased 9.6% to £1.8bn.  The food-to-go retailer saw a 9.4% increase in like-for-like sales during Q4 of the year, which the company said was driven by the popularity of the…

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