Britain's Waitrose to invest $1.3 bln in stores over three years
Adds details on new stores and background in paragraphs 2-7
LONDON, Aug 21 (Reuters) -British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday.
The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next five years. It currently trades from 329 stores and also trades online.
Waitrose lost some market share through the cost-of-living crisis, but industry data published in July showed it edged higher for the first time since January 2022. It had a share of 4.5% according to the latest data from market researcher Kantar that was published last week.
The supermarket group said its investment would also focus on areas that differentiate it from competitors.
While rivals market leader Tesco TSCO.L and No. 2 Sainsbury's SBRY.L have removed their service counters, Waitrose is upgrading offers at its meat and fish counters.
It will also give its wine selection more prominence, while stores would also have greater flexibility to respond to local demand, have more third party collaborations and more space dedicated for grocery orders made online.
The first new Waitrose store in six years will open in Hampton Hill, south west London, later this year, subject to planning approval, with a second following in Greater London early in the new year.
($1 = 0.7680 pounds)
Reporting by Radhika Anilkumar in Bengaluru and James Davey in London; Editing by Nivedita Bhattacharjee and Shounak Dasgupta
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
