Waitrose to launch lower-cost products

LONDON - Waitrose is entering the supermarket price war with the launch of a lower-priced, everyday food range. Essentials, which will go into stores next Monday (9 March), will be competitively priced, but not as cheap as other supermarket economy ranges.

Waitrose TV ad
Waitrose TV ad

Waitrose will also run ads, by MCBD, to emphasise the quality of the products. The supermarket is keen that the offering is not positioned as similar to the Tesco Value and Sainsbury's Basics lines.

Despite this, the launch will be viewed as a U-turn by rivals and suppliers, because Waitrose has previously refused to enter this market.

Recently, under its managing director Mark Price, the supermarket has attempted to push its competitive prices, running more discount offers while continuing to promote the quality of its offering.

Separately, Waitrose has promoted its head of innovation and brand development, Rupert Thomas, to the top marketing position of director, marketing and brand development. He replaces Suzanna Duke, who has become director, ambient buying.

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