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Pastyless Recovery

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http://www.theguardian.com/business/2013/oct/09/greggs-slows-sales-decline-bakery-chain

The bakery chain Greggs has reported a modest decline in sales, as the company battles to win back customers to its hot pies and sausage rolls.

Like-for-like sales fell 0.5% in the 13 weeks to 28 September, after a hot summer curbed Britain's appetite for baked goods. But this represented a better result than the 2.1% decline in like-for-like sales for the year so far.

Greggs' chief executive, Roger Whiteside, said he was encouraged by the improvement in performance. Whiteside, who was drafted in from Punch Taverns in February, has embarked on a turnaround plan to brighten up the bakeries and broaden the range with a move into new products, such as pizza.

"We are encouraged by the recent improvement in like-for-like performance, although with consumer disposable incomes still under pressure we remain cautious," he said. "Cost inflation is in line with our expectations and the group's cash position remains strong. Our overall outlook for the full year is unchanged."

I though in modern economics people loved inflation and couldn't wait for prices going up, now it appears it affects disposable income if people pay more for utilities etc...

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http://www.theguardian.com/business/2013/oct/09/greggs-slows-sales-decline-bakery-chain

I though in modern economics people loved inflation and couldn't wait for prices going up, now it appears it affects disposable income if people pay more for utilities etc...

People are finally done paying over the odds for tasteless greasy cardboard? I'm shocked.

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They've reduce the quality of their product too much.

I wholeheartedly agree with this statement.

I treated my son to a chocolate eclair from gregggs not so long ago. Only it wasn't chocolate and I doubt the cream had ever seen an udder, he couldn't eat it and subsequently neither could I!!!

They really are scraping the bottom of the barrel ingredients wise and I suspect even the pond life that regularly shop there have wised up to this. Washing a pasty/sausage roll down with a can of Special Brew no longer cuts it.

On a positive note I have discovered a fantastic butchers in the east midlands where they beat the supermarkets on quality and price. A delicious sausage roll is knly 97p how much are they at greggs now?

Edited by longtomsilver

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People are finally done paying over the odds for tasteless greasy cardboard? I'm shocked.

Pound Bakery competition in my locality!

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I'm a pasty eater myself. I go to Cornwall on holiday. I love a hot pasty. I think the last one I bought was from Greggs. The choice was to have one of their small ones or their large ones. I've got a feeling I opted for the large one and very good it was too.

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I used to like the odd bit of Greggs stuff but:

1. Prices are up.

2. Portion size is down.

3. Quality of ingredients is noticeably down so it's not as nice anymore.

But this is the same old triad of profitability efforts these large companies take and think they will get away with. And in the main they don't and Greggs is no exception.

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I'm a pasty eater myself. I go to Cornwall on holiday. I love a hot pasty. I think the last one I bought was from Greggs. The choice was to have one of their small ones or their large ones. I've got a feeling I opted for the large one and very good it was too.

I was about to call you a heathen, then I realised what you've done there.

10/10

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I'm a pasty eater myself. I go to Cornwall on holiday. I love a hot pasty. I think the last one I bought was from Greggs. The choice was to have one of their small ones or their large ones. I've got a feeling I opted for the large one and very good it was too.

It's a very versatile soundbite.

"I was a first time buyer myself. I went to the bank for a mortgage to get on the ladder. I think the last one I had was from Lloyds. The choice was to have one of their small ones or their jumbo ones. I've got a feeling I opted for the jumbo one and very good it was too."

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