Britain’s Waitrose to invest $1.3 billion in stores over three years

British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday.

The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next five years. It currently trades from 329 stores and also trades online.

Waitrose lost some market share through the cost-of-living crisis, but industry data published in July...