Published On: Fri, Mar 8th, 2019

Waitrose CLOSING supermarkets: UK closures to hit these stores – FULL LIST here


Waitrose have announced that it will close five stores.

The closures will affect 440 jobs across the UK.

The news comes after more closures earlier this year in June when the company shut four convenience stores and a supermarket.

Waitrose is owned by John Lewis, who reported a 45 per cent fall in profits yesterday.

John Lewis’ profits were at an a 45.4 percent fall in annual profits to £160 million. 

John Lewis also revealed it would be slashing its company bonuses for another year, the sixth in a row.

Chairman Sir Charlie Mayfield said: “In line with expectations set out in June, our partnership profits before exceptionals have finished substantially lower in what has been a challenging year, particularly in non-food.

“The board has awarded a bonus at 3 percent.

“This enables us to continue debt reduction, maintain our level of investment, and retains solid cash reserves to cope with the continuing uncertainty facing consumers and the economy.”

The bonus is now just three percent of their salary.

However, Outgoing chairman Sir Charlie Mayfield said: “No retailer in the land doesn’t regularly review its shops.”

Waitrose has also been dropped by delivery supermarket Ocado, and replaced with M&S.

Full list of Waitrose stores to close

Torquay

Teignmouth

Blaby in Leicestershire

Barry in Vale of Glamorgan

Ashbourne in Derbyshire

This is not the only store to be hit by closures.

Debenhams closures across the country have spared some fear in fans of the department store. 

Debenhams issued another profit warning on Tuesday morning.

It comes after a number of reports that the department store will close 50 stores.

There has been a further slump is sales for the high street brand, profits sliding six per cent in the 26 weeks to 2 March.



Source link

Videos

Most Popular Posts