Originally Posted by Crystalline22:
“Waitrose are going downhill imo and we will hear about them having problems in the near future (not due to giveaways)”
I'm not so sure about that, they seem to be doing quite well at the moment...
http://uk.reuters.com/article/2014/0...A070BB20140108
Quote:
“(Reuters) - Upmarket British grocer Waitrose posted a 3.1 percent rise in sales in the Christmas period, beating the tiny growth eked out by larger rival J Sainsbury and confirming its position as one of the winners in the key festive trading.
Upmarket chains like Waitrose have outperformed the wider market in recent years, while Britain's biggest grocers have found the going tough as consumers' disposable incomes remain under pressure from wage rises not keeping up with inflation.
Waitrose, part of the employee-owned John Lewis Partnership, said on Wednesday that for the five week period ending on December 24 underlying sales excluding fuel were 3.1 percent higher than last year.
That compared with a 0.2 percent rise in underlying sales at Sainsbury's over the fourteen weeks to January 4, its Christmas quarter.
Waitrose said total sales, a measure which includes new stores, were 5.4 percent higher at 736 million pounds, reflecting strong growth of 33 percent in online grocery shopping sales.”