Menu
14/03/2012
Greggs Sales Boosted By New Stores
Greggs, the UK’s largest chain of bakeries, have said both profits and sales rose in 2011 as it opened 84 new stores.
The also said they have plans for 90 more new stores and to explore new store formats.
2011 pre-tax profits were up 15% to £60.5m. But after stripping out exceptional items, profits rose just 1.1%.
Like-for-like sales, excluding new stores, rose 1.4%, with total sales up 5.8% to £701m.
The company's profits were given a one-off boost by a change in its pension scheme. Following government legislation they changed from the retail price index (RPI) to the generally lower consumer price index (CPI).
The firm said it anticipated continuing its expansion in 2012, despite the subdued economic climate.
"While we expect 2012 to be a another year of significant challenge for UK consumers, we believe that we are well placed to deliver further progress," said Greggs chairman Derek Netherton.
The company has 1,571 stores around the UK.
(H)
The also said they have plans for 90 more new stores and to explore new store formats.
2011 pre-tax profits were up 15% to £60.5m. But after stripping out exceptional items, profits rose just 1.1%.
Like-for-like sales, excluding new stores, rose 1.4%, with total sales up 5.8% to £701m.
The company's profits were given a one-off boost by a change in its pension scheme. Following government legislation they changed from the retail price index (RPI) to the generally lower consumer price index (CPI).
The firm said it anticipated continuing its expansion in 2012, despite the subdued economic climate.
"While we expect 2012 to be a another year of significant challenge for UK consumers, we believe that we are well placed to deliver further progress," said Greggs chairman Derek Netherton.
The company has 1,571 stores around the UK.
(H)
Related UK National News Stories
Click here for the latest headlines.
05 October 2012
Doncaster Tesco Drivers To Strike For 48 hours
More than 180 drivers at the Tesco distribution centre in Doncaster will strike for 48 hours next week, disrupting supplies to Tesco stores across the region. The strike will start at 00:05 on Tuesday 9 October and will end at 00:05 on Thursday 11 October and will cause havoc in supplying the Tesco stores in the Yorkshire and Humber region.
Doncaster Tesco Drivers To Strike For 48 hours
More than 180 drivers at the Tesco distribution centre in Doncaster will strike for 48 hours next week, disrupting supplies to Tesco stores across the region. The strike will start at 00:05 on Tuesday 9 October and will end at 00:05 on Thursday 11 October and will cause havoc in supplying the Tesco stores in the Yorkshire and Humber region.
21 July 2005
Sluggish retail sales growth peaks in June
The latest figures from the Office for National Statistics have revealed that in June the underlying rate of growth in retail sales volumes was the highest so far this year. However, the annual growth has remained the lowest for more than six years, according to data released today by the ONS.
Sluggish retail sales growth peaks in June
The latest figures from the Office for National Statistics have revealed that in June the underlying rate of growth in retail sales volumes was the highest so far this year. However, the annual growth has remained the lowest for more than six years, according to data released today by the ONS.
18 November 2004
Figures show slide in retail sales growth
Underlying retail sales growth is distinctly lower than in the first half of this year, according to figures published today by the Office for National Statistics (ONS). The latest retail sales survey for October 2004 found that the volume of sales in the three months August to October was 1.
Figures show slide in retail sales growth
Underlying retail sales growth is distinctly lower than in the first half of this year, according to figures published today by the Office for National Statistics (ONS). The latest retail sales survey for October 2004 found that the volume of sales in the three months August to October was 1.
17 December 2004
Retail sales recover from late summer blues
The latest results for the Retail Sales Index indicate that underlying retail sales growth has partially recovered from a marked slowdown in late summer. The seasonal impact in November from Christmas shopping is in line with that of recent years with the unadjusted sales value picking up to reach £21.1bn.
Retail sales recover from late summer blues
The latest results for the Retail Sales Index indicate that underlying retail sales growth has partially recovered from a marked slowdown in late summer. The seasonal impact in November from Christmas shopping is in line with that of recent years with the unadjusted sales value picking up to reach £21.1bn.
02 April 2014
M&S To Open 250 Food Stores
Today at Marks & Spencer's Investor Seminar in Paris, the retailer unveiled plans for further international expansion with a focus on opening 250 new stores, growing its Food business and increasing its franchise operations.
M&S To Open 250 Food Stores
Today at Marks & Spencer's Investor Seminar in Paris, the retailer unveiled plans for further international expansion with a focus on opening 250 new stores, growing its Food business and increasing its franchise operations.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
