Waitrose's plans to open 100 new convenience stores reflect the company's response to changing consumer habits and demand, recognizing the growth potential in the convenience market over traditional supermarkets.
Clive Black, an analyst at Shore Capital, explains the trend towards convenience stores is partly influenced by planning permission constraints, making smaller sites easier to develop and manage.
Eleanor Simpson-Gould emphasizes that the rise of discounters has prompted traditional supermarkets to invest in smaller stores, as they can penetrate new areas with lower investment costs.
GlobalData anticipates a 6% rise in online shopping sales for 2024, highlighting the shifting consumer preference towards more convenient shopping methods alongside physical store expansions.
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