Waitrose, owned by the John Lewis Partnership, will invest £300 million each year to reach its £15 billion-a-year target. This investment will see the supermarket open 20 stores a year whilst also expanding its online business. Online sales rose 40.5 percent in the first half of this year, and are expected to reach £300 million by the financial year-end.
Managing Director Mark Price commented, “The reality is we have been outperforming our competitors for four and a half years now. We have grown at five, six, seven percent of the market as we have a great combination of value for money, aspirational quality and innovative products.”
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