UK Bakery Chain Greggs to Open Up to 160 Stores in 2024

UK bakery chain Greggs announces plans to open up to another 160 stores in the year ahead. The group opened a record 220 new shops over 2023, with 33 closures and 42 relocations leaving.

The company said cost pressures were continuing to ease back, with expectations for a “more stable cost base in the coming year”. “Wage inflation remains, although higher rates of pay across the economy will also provide support to consumer incomes,” according to the group. “We enter 2024 with plans to continue to invest in our shops and expand supply chain capacity,” said Roisin Currie, chief executive of Greggs.

Greggs is a British bakery chain. It specializes in savory products such as bakes, sausage rolls, sandwiches and sweet items including doughnuts and vanilla slices. It is headquartered in Newcastle upon Tyne, England and it is listed on the London Stock Exchange. Originally a high street chain, it has since entered the convenience and drive-thru markets.