Waitrose continues to gain market share

Waitrose continues to gain market share

Upmarket UK grocer Waitrose today (6 March) reported a rise in annual sales and profits and a further increase in its share of the country's food retail market.

Waitrose booked a 6% increase in gross sales to GBP6.11bn (US$10.22bn) for the 52 weeks to 25 January. Like-for-like sales grew 5.1%. Waitrose said a "large proportion" of the rise in like-for-likes was due to volume growth.

Operating income climbed 6.1% to GBP310.1m.

The retailer increased its market share for the fifth straight year. The latest data from Kantar Worldpanel, for the 12 weeks to 2 February, showed Waitrose's share of UK grocery sales at 4.9%, up from 4.8% a year earlier.

Gross grocery sales through waitrose.com were up over 41% as Waitrose "nearly doubled" the capacity of its branches to fulfil online orders.

The retailer opened 13 stores last year, taking its network to 305. Forty-two of the stores are its smaller Little Waitrose convenience stores.

Click here for the full statement from Waitrose owner John Lewis Partnership.