Waitrose plans to launch its first
grocery convenience store early next year to take on Marks & Spencer,
Sainsbury's and Tesco.
The John Lewis Partnership-owned grocer has hired the
consultant Anthony Wysome, a former senior project manager at Waitrose, as
head of convenience to spearhead its push into the fast-growing £27.4bn
market for small shops.
The revelation that Waitrose is to pit itself against
Tesco Express, Sainsbury's Local and M&S Simply Food is particularly
unwelcome news for Marks & Spencer, which unveiled like-for-like food sales
down 4.5 per cent last week and parted company with food director Steve Esom.
A Waitrose spokeswoman said: "We would hope to be
trialling a shop within six to nine months."
The Waitrose convenience stores are likely to be sized
between 3,000 sq ft and 4,000 sq ft.
Andrew Kasoulis, an analyst at Credit Suisse, said: "The
obvious one that Waitrose will trade against would be M&S Simply Food. But
convenience stores are difficult to get right, and if Waitrose is successful
in this market it will be a while before they hurt anyone."
Waitrose's convenience store plans follow the launch this
year of its market-town stores, which are typically sized about 13,000 sq
ft.
In May, Waitrose unveiled its first market-town store in
St Neots, Cambridgeshire. It opened another in Buckingham, Buckinghamshire,
last month, and will unveil another in Brackley, Northamptonshire, next
week.
The market-town stores offer a higher proportion of fresh
food and locally sourced produce.
The grocery expert IGD said that sales in the UK
convenience sector grew by 5.1 per cent to £27.4bn in 2007, which is faster
than the overall grocery market.
Source: The Independent