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Waitrose Quickly Shedding Unprofitable Stores To Raise The Stakes Online

By Celestine Okorie The release of Waitrose & Partners H1 figures for 2020/21 has got analysts reacting.   Senior Retail Analyst at GlobalData, a leading data and analytics company, Thomas Brereton, comments: “Waitrose’s decision to close three stores (Ipswich Corn Exchange, Caldicot and Shrewsbury) and sell one more (Waitrose Wolverhampton to Tesco) is an unfortunate but necessary decision as it continues to revamp operations to deal with the new demands of the consumers, ridding unprofitable locations as it continues to pour investment into the online channel. This comes as Waitrose reaches...
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