Greggs to Raise Prices Amid Sales Slowdown and Cost Pressures
Financial MarketsGreggsUpdated 13 hours ago

Greggs to Raise Prices Amid Sales Slowdown and Cost Pressures

Greggs, the popular bakery chain, is increasing prices on breakfast deals and other items due to weak summer sales and ongoing cost pressures. Starting Thursday, the price of a three-part breakfast deal will rise by 20p, reflecting changes in consumer behavior influenced by the hot weather. This move underscores the challenges businesses face in adapting to fluctuating market conditions and rising operational costs.

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Greggs to put up price of breakfast deals and other items after weak summer sales
NegativeFinancial Markets
Greggs, the popular bakery chain, is raising the prices of its breakfast deals and other items due to a slowdown in sales attributed to an unusually hot summer. Starting Thursday, the price of a three-part breakfast deal will increase by 20p, reflecting the impact of the July heatwave that led many customers to avoid hot pastries. This price hike is significant as it highlights the challenges businesses face in adapting to changing consumer behaviors and weather patterns, which can directly affect sales.
Greggs set to raise prices again in response to cost pressures, says CEO
NegativeFinancial Markets
Greggs, the popular bakery chain, is set to raise prices again due to ongoing cost pressures, according to its CEO. This increase will primarily affect their breakfast meal deals, with a smaller hike in biscuit prices. This matters because it reflects the broader trend of rising costs in the food industry, which could impact consumer spending and choices.

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