Waitrose managing director Mark Price has warned investors that an “unprecedented investement” in the business over the past year will have an impact on the profit it reports in its interim results on 1 September.
In a weekly trading update, the retailer said it expected a 4.5 per cent sales growth for the six months to the end of 26 July.
During the period Waitrose opened 15 new stores compared with only four for the same time a year earlier. It has also invested heavily in its online offering and experimented with new marketing initiatives including a branded content partnership with Channel Read full story ›
Source: The Drum
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