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Home Business

Waitrose stores – and Heelas – safe despite John Lewis making a pre-tax loss in 2022

Phil Creighton by Phil Creighton
Monday, March 13, 2023 7:31 am
in Business, Caversham, Featured, Reading
A A
The Waitrose branch in Twyford. Wokingham Borough Council owns the site Picture: Phil Creighton

The Waitrose branch in Twyford. Wokingham Borough Council owns the site Picture: Phil Creighton

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WAITROSE stores across Reading and Wokingham boroughs and the John Lewis department store in Reading are safe, despite the group making a loss in the last financial year.

Earlier this month, The Guardian revealed the company, which is owned by its workers, made an estimated pre-tax loss of around £50 million last year, compared to £181 million.

The company was reported as having difficulties with the Waitrose part of the business, including head office restructuring and having to write down the value of some of its sites.

Wokingham Borough Council bought the Twyford and Woodley Waitrose stores four years ago, making them landlords to the chain.

John Lewis has additional Waitrose stores in Wokingham, Caversham and Tilehurst.

Its department store in Reading is also known as Heelas.

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Despite the losses, the company said it’s business as normal for all these stores.

A spokesperson said: “Like any retailer we regularly review our estate, but no current plans to close these shops.”

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