Waitrose CEO James Bailey leads £1bn store upgrade, increasing sales despite 25% food price rise.
Waitrose, a major UK supermarket, expects its most profitable year in a decade under CEO James Bailey, who is spearheading a £1 billion investment to enhance all 314 stores. This initiative includes doubling Little Waitrose locations and opening 25 new regular stores. Despite a 25% rise in food prices due to the cost-of-living crisis, sales grew 3.6%, with premium products like the 'Waitrose No.1' range seeing a 34% increase. Bailey prioritizes everyday essentials alongside high-quality offerings.
October 12, 2024
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