Waitrose sells two East Midlands stores to Lidl

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Waitrose & Partners has exchanged contracts for the sale of two shops in the East Midlands.

The 24,467 sq ft property in Oadby, Leicestershire and the 22,500 sq ft property in Wollaton, Nottinghamshire are being acquired by Lidl.

Waitrose is also selling properties in Bromley to Lidl, and Sandhurst to an unnamed party.

It is also planning to close shops in Marlow, Stevenage, and at British Airways Headquarters, near Heathrow.

Waitrose & Partners Director of shop trade Mark Gifford said: “We haven’t taken this decision lightly but we have to do what’s right for the business as a whole.

“Thanks to the hard work of all our Partners we’re making good progress and Waitrose & Partners is on track for profit growth this year but, despite the best efforts of everyone involved, we haven’t been able to find a way to make these shops profitable in the long term.

“Our priority now is the wellbeing and future of our Partners in these shops. We will do everything we can to support them and will explore opportunities for anyone wishing to remain with the Partnership.”