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Commenting on the announcement that Waitrose will be opening new stores this year
London, 27th January 2015 - Commenting on the announcement that Waitrose will be opening new stores this year, Tim Vallance, Head of UK Retail & Leisure at JLL, said: “The continued growth of Waitrose’s sales highlights that consumers value the best choice in terms of range, purchase options, provenance and quality as much as price. People shop on and offline for 37 minutes a day, which means that time is a commodity and location of space is of prime importance. The fact that half of Waitrose’s new openings will be convenience outlets reflects this. Over the next few years we will start to see the convenience store arena emerging as the battleground between the big four and the discount retailers. The 2015 fight back has clearly begun with Morrisons and Tesco also analysing their portfolios and offloading non-core business.
Lead Director - UK Retail & Leisure
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