Waitrose Confirms More Store Closures

The retailer revealed that it has sold two South Devon outlets in Torquay and Teignmouth, as well as outlets in Barry (South Wales), Ashbourne (Derbyshire), and Blaby (Leicestershire), as part of its recent strategy to offload underperforming sites... [more]

• Store-based profitability will have to result in some store closures…
• …in common with other retailers.
• Alternative being that weaker stores will dilute performances of more profitable outlets…
• Best for NAMs to focus on geographies that represent best brand usage…
• …and invest where appropriate.