Waitrose has revealed plans to close four of its supermarkets, with the loss of 124 jobs – but one will be reborn as Tesco.
The grocery chain said it would shut down its Caldicot, Ipswich Corn Exchange and Shrewsbury sites, and sell its Wolverhampton store to rival Tesco.
He said he made the decision to close the branches after struggling to make them “profitable in the long run” after a period of “difficult negotiation.”
Caldicot, Ipswich and Shrewsbury stores will close on December 6.
Waitrose said 124 employees from the three stores will face redundancy and will now begin consultations.
Meanwhile, the 140 workers at the Wolverhampton store, which will close on December 31, will be transferred to Tesco as part of the sale.
Three Waitrose stores will be closed while one will be sold, along with staff, to Tesco
The closures are part of an ongoing review of the Waitrose store estate that began in 2017.
Berangere Michel, Executive Director of Customer Service at the John Lewis Partnership, said: “The closure of any of our stores is always a last resort and does not reflect the dedication of our partners in Caldicot, Ipswich Corn Exchange, Shrewsbury and Wolverhampton .
“Unfortunately, we haven’t been able to find a way to make these stores profitable in the long term, despite the hard work of everyone involved.
Wolverhampton’s Waitrose (pictured) will be closed but its staff taken care of by Tesco
“Our priority is now the well-being and the future of our partners in these stores.
“We will do everything possible to support them and explore opportunities where possible for those who wish to remain in the partnership. “
The parent company, John Lewis Partnership, said in July that it could close more outlets in the supermarket branch as part of cost-cutting measures.
Berangere Michel, executive director of customer service, said the moves were a ‘last resort’
The group previously announced the closure of eight John Lewis retail sites, jeopardizing 1,300 jobs, as part of its recovery efforts.
On Thursday, the group will brief staff on the progress of their strategic review and reveal how trade has been affected by the coronavirus.
Waitrose is expected to reveal higher sales after being boosted by demand for groceries and online deliveries in the face of the pandemic.