Jun 16, 2020
Greggs set to reopen 800 stores but warns of lower sales
Greggs has warned of sluggish sales as it prepares to reopen 800 outlets on Thursday, prompting it to halt new store openings and seek rent cuts. Greggs has been slower than many food outlets to reopen following the pandemic lockdown after a false start in April, when an announcement that it would open 20 sites prompted an overenthusiastic response on social media and fears of overcrowding in and around stores. Greggs said on Tuesday that "Uncertainty in the sales outlook" had led it to halt plans for new store openings, but it would accelerate development of delivery and click-and-collect ordering. Mr Tomlinson said that while Greggs might suffer from a lack of footfall in public transport hubs and office locations, it could enjoy a boost in its motorway service station stores from the number of UK households planning to take staycations this year. Greggs plans to open the rest of its stores in early July.
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