Not only is the SP starting to23 Aug 2017 12:21
deliver at last but the company is too.
Greggs has revealed plans to roll out their delivery service to more locations.
The bakery started the service earlier this year, trialling the idea in two small areas in the City Of London.
The initiative went down a treat, with Londoners who worked within a 0.4 mile radius of Greggs in Cheapside and Eastcheap ordering their favourite snacks.Now, Greggs has announced it will introduce the delivery service to other branches on a trial basis.
A Greggs spokesperson said: " At Greggs we are continually innovating and developing our offering to meet changing customer trends."We have been trialling delivery services for businesses in Newcastle, Manchester and London and are looking at a number of options before considering whether to roll out the service more widely in future.”The downside is customers have to spend £20 or more to qualify for delivery and place orders before 5pm to receive their baked foods the next day between 10am and 12pm.
This looks a good initiative and although is unsuitable for impulse purchases it will certainly be more cost effective. It would do well in Urban areas and improve the geographic reach to those who might not be able to reach a branch, order and get their food within their lunch break.
On a sad note someone died from choking on a Gregg's bake at the weeknd but it seems he had an underlying health condition.
I feel we are going to hit £12 in short order as although the markets are soggy, I think Berenberg's recommendation has whetted investor appetitie for the shares and the capital return.