Charting the week: Greggs, Adidas and the rising cost of childcare

Greggs sees sales figures hit record highs, Adidas faces the repercussions of its Ye partnership and the rising cost of childcare is revealed as we chart the highs and lows of the past week in business
Boom & Bust

High: all gravy for Greggs

In news that will please sausage roll fans, Greggs has announced major expansion plans as it looks to build on a successful 2022. Preliminary results revealed that sales at the popular bakery chain were up 23% last year, hitting a record high of £1.5bn. 

Off the back of the positive financial figures, its CEO Roisin Currie revealed new targets to open 150 new branches a year, taking its total number of stores to more than 3,000 in the years ahead. As part of its plans, Greggs is also extending opening hours at a number of its bakeries and will begin trials of a 24-hour drive-thru.