• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

UK

Greggs sees ‘encouraging’ sales recovery

Greggs sees ‘encouraging’ sales recovery
Newsexplored
28th July 2020
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
4
Greggs vegan sausage roll on a paper bagImage copyright Getty Images

Bakery chain Greggs has said its sales have recovered to “encouraging” levels since it reopened shops in the wake of the coronavirus lockdown.

It said sales were running at 72% of 2019’s level, with all but a handful of its 2,025 outlets now trading again.

Although many people are still away from their workplaces, chief executive Roger Whiteside said Greggs was not that dependent on office workers.

The vast majority of its customers “simply can’t work from home”, he said.

Greggs said it would be breaking even when sales reached 80% of last year’s level.

Mr Whiteside was speaking as Greggs unveiled a £65.2m loss for the first half of 2020. In the same period a year earlier, it made a profit of £36.7m.

The firm said it had limited its range to best-selling items for the time being, “in anticipation of lower-than-normal sales levels under social distancing”.

It added: “It is clear that sales will be constrained whilst these conditions prevail, with an observed impact on both our capacity to serve and on customer demand.”

Trading ‘resilient’

Mr Whiteside told the BBC that sausage rolls, sandwiches and other favourites were now available at all Greggs’ shops, except for seven in the Leicester area, which remained closed as part of a local lockdown.

He said sales at town and city centre outlets were down 45%, while those near public transport hubs were 65% lower.

However, Greggs had proved “resilient”, with most of its shops “nowhere near offices”.

data-ad-format="auto">

“Office workers form a portion of our customer base, but the vast majority, over 80%, simply can’t work from home or aren’t working at all, they’re students or retired or whatever,” Mr Whiteside said.

“So yes, there’s some exposure to office working, but it’s not as complete as some people might think.”

Mr Whiteside said that about three-quarters of Greggs’ staff had now returned from furlough.

He added that Greggs would keep the remaining 25% on the furlough scheme, which runs until the end of October.


When asked what would happen then, he said: “I am positive that the economy will continue to get back to normal, whatever that is.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Itemsencouraginggreggsrecoverysales
UK
28th July 2020
Newsexplored @newsexploredweb

Related Itemsencouraginggreggsrecoverysales

More in UK

  • Read More
    Newspaper headlines: ‘It’s the back of Trump’ and ‘vaccine pivot’

    Views:4 By BBC NewsStaff image captionAll of Wednesday’s front pages carry a mention of Joe Biden’s inauguration...

    Newsexplored 28th July 2020
  • Read More
    Storm Christoph: Flood warnings in parts of England

    Views:4 image captionIn Hebden Bridge, West Yorkshire, residents have prepared their homes and businesses ahead of the...

    Newsexplored 28th July 2020
  • Read More
    Newspaper headlines: Jab complacency fears and smart motorway inquest

    Views:4 By BBC NewsStaff image captionThe Daily Telegraph says government scientific advisers are concerned millions of people...

    Newsexplored 28th July 2020
  • Read More
    Manchester Arena Inquiry: Help given to Saffie-Rose Roussos to be examined

    Views:4 image copyrightFamily handouts image captionTop row (left to right): Alison Howe, Martyn Hett, Lisa Lees, Courtney...

    Newsexplored 28th July 2020
  • Read More
    England: Phil Neville leaves Lionesses manager role

    Views:4 Phil Neville has left his role as manager of England’s women and is set to take...

    Newsexplored 28th July 2020
  • Read More
    Scotland’s papers: Army leads vaccine rollout and ‘patchy supplies’

    Views:4 Daily Record The Herald The Scotsman The Scottish Sun The National The Times Daily Mail Daily...

    Newsexplored 28th July 2020
  • Read More
    Sri Lanka v England: Tourists win first Test by seven wickets

    Views:4 Dan Lawrence scored 94 runs and Jonny Bairstow 82 in the match First Test, Galle (day...

    Newsexplored 28th July 2020
  • Read More
    Brexit: ‘Putting UK, not GB, delayed my fish for 24 hours’

    Views:4 By Lucy HookerBusiness reporter, BBC News Published duration4 hours ago Share Share page linkCopy link About...

    Newsexplored 28th July 2020
  • Read More
    The Papers: ‘Hope in the post’ as ‘5 million more offered jab’

    Views:4 By BBC NewsStaff image captionCovid vaccination progress leads Monday’s front pages, as over-70s and clinically extremely...

    Newsexplored 28th July 2020
  • Read More
    Sutton Hoo: The Anglo Saxon treasures that inspired The Dig starring Ralph Fiennes

    Views:4 image copyrightNetflix image captionCarey Mulligan as Sutton Hoo landowner Edith Pretty with Ralph Fiennes as archaeologist...

    Newsexplored 28th July 2020
  • Read More
    The Papers: ‘Quarantine hotels’ and jab for over-18s ‘by June’

    Views:4 By BBC NewsStaff image captionSunday’s front pages include details of the government’s plans for Covid vaccinations...

    Newsexplored 28th July 2020
  • Read More
    Scotland’s papers: UK shuts borders and vaccine ‘wastage’ concerns

    Views:4 image captionThe Times reports that Prime Minister Boris Johnson has suspended all of Britain’s quarantine-free travel...

    Newsexplored 28th July 2020
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • Trump pardons two convicted by Russia investigation
    USA23rd December 2020
  • Kieran Trippier suspended for 10 weeks over breaches of betting rules
    Sports23rd December 2020
  • The Papers: UK and EU on ‘verge’ of Brexit trade deal
    UK23rd December 2020
  • Former BBC sports reporter Kevin Gearey dies
    Entertainment23rd December 2020
  • Biden inauguration rehearsal paused amid US Capitol lockdown
    USA18th January 2021
  • Migrant caravan: Guatemala blocks thousands bound for US
    USA18th January 2021
  • Trump impeachment: When will he go on trial in the Senate?
    USA16th January 2021
  • Joe Biden unveils $1.9tn US economic relief package
    USA15th January 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

Coronavirus: Spanish PM’s anger and translation efforts criticised
Coronavirus: Boris Johnson warns of Europe second wave amid Spain row
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok