Waitrose owner to unveil latest in revival plan

NewsSupermarkets

Waitroses’ parent company, The John Lewis Partnership, will reveal its latest progress the company continues its broad transformation plan.

John Lewis Partnership is due to unveil its financial results for the half-year to July in an update on 15 September.

It comes amid a period of significant change at the company.

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According to retail analyst Nick Bubb, there are doubts about the recent performance of Waitrose”, with recent data from Kantar indicating to lower sales at the supermarket.

Bubb also highlighted that higher costs and the lack of business rates relief could affect profitability.

This comes as the retailer was amongst the companies that paid tribute to Her Majesty in a message on Thursday evening.

The statement stated: “We are deeply saddened by the death of Her Majesty The Queen. She faithfully served the nation as our sovereign during her long, happy and glorious reign.

“We extend our heartfelt sympathy to the royal family.”

NewsSupermarkets

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