Waitrose & Partners 'Keeps Its Head Above Water' With Christmas Performance, Says Analyst
Upmarket UK grocer Waitrose & Partners has managed to 'keep its head above water' despite a lack of significant festive promotional activity, retail analysts GlobalData have said.
The comments follow the publication of a trading update from parent John Lewis Partnership, which revealed that Waitrose & Partners saw gross sales up 0.2% in the seven weeks to 5 January, recording sales of £1.05 billion.
Sales for the division were up 0.3% on a like-for-like basis. Online sales rose by 12.8%.
Commenting on its performance, Karla Rendle, senior retail analyst at GlobalData, said that Waitrose is "faring better" than its rival Marks & Spencer, which indicates that "Waitrose has performed relatively well in retaining its core affluent shopper base despite prior assumption that it could be sent into negative growth figures as shoppers switched to the discounters and their premium ranges, such as Aldi’s Specially Selected and Exquisite lines".
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