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Bakery giant with over 2,600 branches across the UK to permanently shut busy store in just DAYS
Bakery giant with over 2,600 branches across the UK to permanently shut busy store in just DAYS
Published on March 27, 2025 at 01:05 AM
Britain's retail apocalypse: why your favourite stores KEEP closing down
A MAJOR bakery chain with more than 2,600 outlets across the UK is set to shut down one of its stores in the coming days.
Greggs will permanently close its Lytham store in Lancashire this Friday, March 28, 2025.
In total, the company opened 226 new shops over the course of the yearIt's understood EG has other plans for the site and may replace the bakery with one of its many franchise partners
The branch has been serving serving customers since 2023.
A closure notice was posted on the door last week, warning customers that the end was near.
The store, a standalone Greggs unit on the forecourt of Lytham petrol Station, was part of a wider partnership between Greggs and EG On The Move, a fuel station chain owned by Blackburn billionaire Zuber Issa.
It's understood EG has other plans for the site and may replace the bakery with one of its many franchise partners, which include Co-Op, SPAR, KFC, Subway, and Starbucks.
All staff at the Greggs store are believed to have lost their jobs, with the exception of one team member who will be transferred to the fuel station.
Both Greggs and EG On The Move were approached for comment.
This isn’t the only Greggs location set to close its doors. The well-loved bakery and sandwich chain will be shutting its Cambridge branch on March 31.
The store on Fitzroy Street will close, with staff expected to be transferred to other nearby locations where possible.
For local customers, the closest alternative will be the Station Square branch, located just over a mile away.
Reports suggest the closure is tied to a rent-related disagreement.
Earlier this year, another Greggs shop on Foleshill Road in Coventry also closed permanently.
Despite these closures, Greggs is pushing ahead with ambitious growth plans.
The company, which currently operates more than 2,600 outlets across the UK, aims to launch between 140 and 150 new locations throughout the year.
Chief Executive Roisin Currie confirmed in January that expansion would go on as planned, despite economic challenges. “There are still areas where people don’t have easy access to Greggs,”; she said.
Currie also highlighted that while consumer confidence has declined, disposable incomes have seen a slight uptick, something she believes will help as confidence begins to return.
These remarks came as Greggs announced a milestone achievement: surpassing £2 billion in sales during 2024, marking an 11.3% rise from the previous year’s £1.8 billion.
In total, the company opened 226 new shops over the course of the year.
Why are retailers closing shops?
EMPTY shops have become an eyesore on many British high streets and are often symbolic of a town centre’s decline.
Flying Eze's business editor Ashley Armstrong explains why so many retailers are shutting their doors.
In many cases, retailers are shutting stores because they are no longer the money-makers they once were because of the rise of online shopping.
Falling store sales and rising staff costs have made it even more expensive for shops to stay open.
The British Retail Consortium has predicted that the Treasury's hike to employer NICs from April 2025, will cost the retail sector £2.3billion.
At the same time, the minimum wage will rise to £12.21 an hour from April, and the minimum wage for people aged 18-20 will rise to £10 an hour, an increase of £1.40.
In some cases, retailers are shutting a store and reopening a new shop at the other end of a high street to reflect how a town has changed.
The problem is that when a big shop closes, footfall falls across the local high street, which puts more shops at risk of closing.
Retail parks are increasingly popular with shoppers, who want to be able to get easy, free parking at a time when local councils have hiked parking charges in towns.
Many retailers including Next and Marks & Spencer have been shutting stores on the high street and taking bigger stores in better-performing retail parks instead.
In some cases, stores have been shut when a retailer goes bust, as in the case of Carpetright, Debenhams, Dorothy Perkins, Paperchase, Ted Baker, The Body Shop, Topshop and Wilko to name a few.
What's increasingly common is when a chain goes bust a rival retailer or private equity firm snaps up the intellectual property rights so they can own the brand and sell it online.
They may go on to open a handful of stores if there is customer demand, but there are rarely ever as many stores or in the same places.
The Centre for Retail Research (CRR) has warned that around 17,350 retail sites are expected to shut down this year.
Despite these closures, Greggs is pushing ahead with ambitious growth plans
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