Greggs plan to open 600 new stores

By Michael McLintock

Greggs have today announced that they plan to open 600 new stores nationwide creating 6,000 new jobs.

A typical Greggs store
A typical Greggs store

Greggs, scots-born, chief executive Ken McMeikan announced that out of the 6,000 new jobs, 800 will be allocated to Scotland. The main bakery in Glasgow will also be expanded to supply the higher demand. Greggs plan to boost their outlets in scotland by 70%.

The Newcastle based firm already supplies 6 million customers per week nationwide through their 1,400 outlets. McMeikan explains “currently more than 50 per cent of the UK population do not have Greggs near by”

Greggs intend on opening 50-60 new stores in 2010 and 70 plus from 2011 onwards. throughout the recession Greggs have reported that their sales have increased by 2.5 % in the first 16 weeks of the second half, that would suggest the nation is turning to quick and easy food.

McMeikan said the new stores will be aimed “particularly in areas where we are currently under-represented or have no presence at all”

They went onto say “Southern England , the East Midlands, North East Scotland, North West England and North Wales are good examples of areas with further potential for us”

Greggs boasted of increased profits along with their total sales up by 3.8% and like-for-like sales up by 1%,  they insist there is a new public demand and lay these figures as backbone for such expansion.

The 600 new stores is expected to cost around £9 million however will produce an extra £300 million, Greggs insist that the new stores will only affect their finances in a positive manner.