Waitrose opens first new supermarket in eight years in north London
Summary
Waitrose is opening its first new supermarket in eight years in Cricklewood, north London, as part of a £1 billion investment plan. The company also plans to open more supermarkets and convenience stores over the next five years while updating several existing stores.Key Facts
- Waitrose is opening a new supermarket in Cricklewood, north London, and another in Hale Barns, Greater Manchester, soon.
- The company plans to open up to four large supermarkets and 100 convenience stores over five years.
- Waitrose will refurbish some stores to add counters for meat, fish, sushi, bakeries, and fine wine.
- Sales at Waitrose rose by 4% in the six months ending August 1, but operating profit fell by £7 million to £103 million.
- Higher energy costs and investments in prices and loyalty programs affected profits.
- Waitrose's parent, John Lewis Partnership, reported a £98 million pre-tax loss, partly due to lower department store sales.
- The partnership has signed its first company-wide union recognition deal with Usdaw, the shopworkers’ union.
- The union deal aims to improve worker support and relations within the company.
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