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News - 13 November 2013

Waitrose invests in Hove

Waitrose, part of the John Lewis Group, has announced plans to take over the Co-Op superstore in Nevill Road in Hove next year.

The deal was announced yesterday by the John Lewis Partnership, which owns Waitrose.The Co-op will continue to trade until 13th March 2014 before closing for a month while the shop undergoes refurbishment, opening as a Waitrose in April.

As part of the investment in the local area, Waitrose will be launching its Community Matters and Partner Volunteering schemes in the city, which will see £12,000 and 250 hours donated to local causes nominated by customers each year.

Nigel Keen, director of development at Waitrose, said: “We have wanted to open a shop in Hove for a long time and are looking forward to becoming part of the local community next year and welcoming the new employees to Waitrose and the John Lewis Partnership.”

ECONOMIC PARTNERSHIP COMMENT

It is fair to say that this is a major development for Hove. With just two companies trading – Tesco and the Co-Op - Hove is under-represented by supermarkets and the addition of the upmarket Waitrose is certain to be popular.

Also, owned by its employees, Waitrose is probably as much of a cooperative as the Co-Op is; certainly it is considered to be one of the best employers in the UK.

Hove could still benefit from more choice at the less expensive end of the supermarket spectrum but plans for Conway Street may provide this.


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