Bakery Chain Sees Sales Boost, Eyes 130 New Stores in 2018
- 7.4% total sales increase in 2017
- 3.7% like-for-like sales increase in company-managed shops
- Sales boosted by classic favorites and festive bakes
- 90 stores opened in the last year
- Plans to open 110-130 new stores in 2018
- Continued focus on value and taste
- Record investment in supply chain
Greggs, the popular bakery chain, experienced a 7.4% increase in total sales in 2017 and plans to open between 110-130 new stores this year. The company’s success was driven by classic favorites like sausage rolls and festive bakes, as well as mince pies. With a focus on value and taste, Greggs aims to grow as a leading food-on-the-go brand while investing heavily in its supply chain.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Greggs’ sales growth, its popular products, and plans for expansion in 2018. It includes quotes from the CEO and presents objective data without any sensationalism or bias.
Noise Level: 3
Noise Justification: The article provides relevant information about Greggs’ sales growth and expansion plans, but it lacks in-depth analysis or exploration of long-term trends or consequences of the company’s decisions.
Financial Relevance: Yes
Financial Markets Impacted: Greggs
Financial Rating Justification: The article discusses the financial performance of Greggs, a UK food retailer, and its plans for expansion which could impact the company’s stock price and potentially affect related stocks in the food retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
www.retailsector.co.uk