Waitrose
This coverage examines Waitrose’s operations, strategy, and position within the UK retail market. Reporting includes store performance, product innovation, supply chain developments, marketing initiatives, sustainability efforts, and leadership decisions. With a focus on commercial impact and competitive strategy, it provides actionable insights for retail executives, managers, and professionals engaged in grocery and premium food retailing.
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Oct- 2024 -15 OctoberNews-In-Brief
Today’s news in brief-15/10/24
Victorian Plumbing announced the closure of Victoria Plum due to a £2m loss since acquisition, aiming to complete operations by year-end. Despite this, Victorian Plumbing reported a 4% revenue increase in FY24, with strong consumer demand and enhanced market share. CEO Mark Radcliffe highlighted growth in own-brand sales and improved…
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15 OctoberShopping Centres
Waitrose reveals surge in early Christmas shopping
Waitrose has reported that 70% of its Christmas delivery slots have been snapped up as customers get ready for the festive season earlier than ever before. The supermarket’s collection slots are also in demand, with 23 December its most popular day so far as nine out of 10 slots are…
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10 OctoberNews-In-Brief
Today’s news in brief-10/10/24
Asos has finalised the sale of Topshop and Topman to Heartland, a joint venture led by Bestseller, with Heartland acquiring a 75% stake for £135m while Asos retains 25%. This move follows Asos’ September decision to divest these brands amidst a business refinancing. Asos will retain design and distribution rights…
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10 OctoberNews
Waitrose partners with Just Eat to expand delivery services
Waitrose has today (10 October) partnered with delivery network Just Eat on a multi-year deal to expand its presence in the on-demand grocery and convenience sectors. In the coming weeks, millions of Just Eat customers will be able to order groceries to be delivered in 30 minutes or less from…
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Sep- 2024 -18 SeptemberNews
Today’s news in brief-18/9/24
UK inflation held steady at 2.2% in August, unchanged from July and slightly above the Bank of England’s 2% target. The stability came despite falling food and energy prices, offset by a 1.2% rise in transport costs, driven notably by a 22.2% increase in air fares. Clothing and retail prices…
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18 SeptemberSupermarkets
Waitrose invests £10m in latest round of price cuts
Waitrose has invested a further £10m to lower prices across nearly 250 of its No.1 and Duchy Organic products, in the first phase of its latest round of price cuts. The latest cuts take the group’s total investment in price cuts to £140m in the last 18 months. Additionally, this…
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12 SeptemberNews
Today’s news in brief-12/9/24
John Lewis Partnership reported a significant improvement in financial performance, narrowing pre-tax losses to £30m from £59m. Total revenue rose 2% to £5.2 billion, with Waitrose seeing a 5% sales increase. Investment in transformation, including new stores and digital initiatives, remains robust. PwC’s latest data reveals a rise in shop…
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12 SeptemberDepartment Stores
John Lewis narrows pre-tax losses to £30m
The John Lewis Partnership has revealed that its losses-before-tax closed to £30m, down from £59m, a decrease of 49%, for the 26 weeks ended 27 July 2024. Alongside this, the retailer’s losses-before-tax and exceptional items reduced by 91% from £57m down to just £5m. Overall, the company’s total revenue rose…
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4 SeptemberDepartment Stores
John Lewis submits £80m plan to turn Reading depot into housing
The John Lewis Partnership has submitted plans for an £80m development that would see a disused Reading warehouse turned into new rental housing.The group submitted a planning application to Reading Borough Council with its proposal to transform the former distribution warehouse into 215 energy-efficient homes. The proposed regeneration would also…
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2 SeptemberDepartment Stores
John Lewis denies reports of further job cuts
John Lewis has denied that it is considering more job cuts and restructuring its management team, following reports over the weekend. It comes following resorts from The Sunday Times that claimed a revamp of management teams at 34 of its stores would lead to even more cuts to staff, including…
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