Tuesday, 20 March 2012
Success on the High Street - it's a piece of cake
When I moved to Luton in 1990 the shopping centre ( then called the Arndale ) had two branches of Our Price, as well as an HMV. The Luton Mall still has an HMV but two GREGGS.
Greggs recently announced their final year figures. Profits are up by 15 % and there are 84 new outlets in the UK. This strong performance is based on cheap sausage rolls and coffee. Many shops have installed their own coffee machines.
The Wetherspoons Pub chain has also realised that the British love their coffee but are not always prepared to pay Starbucks (or Costa) prices.
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