BBC News
watch One-Minute World News
Last Updated: Thursday, 24 January 2008, 17:44 GMT
Waitrose close loss-making store
Waitrose
Waitrose opened its Durham store in 2005
More than 100 jobs are going with the closure of a Waitrose supermarket in Durham, which opened in November 2005.

The company said it did not make the decision lightly but blamed the move on the store's failure to make a profit.

The firm, part of the John Lewis Partnership, bought the Gates Shopping Centre site from Morrisons in 2005.

A spokesman said it was hoped some staff could be relocated to a new store due to open in Newcastle in the summer.

The planned store for Newcastle,is part of a 170m revamp of the city's Eldon Square shopping mall.

'Careful consideration'

It will create up to 100 jobs, the company added.

Mark Price, managing director of Waitrose, said: "Eldon Square offers us another exciting opportunity to grow our business and underlines our desire to bring the Waitrose offer to more people in the North East.

"The decision to close our Durham branch was not a decision we took lightly, and was made after long and careful consideration.

"We made a major investment in the Durham branch with every expectation that the shop would be successful.

"We understand the disappointment this decision will cause, however, the store has traded at a loss since we opened two years ago."



SEE ALSO
Waitrose takes first steps abroad
31 Dec 07 |  Business
Waitrose is UK's favourite shop
08 Mar 07 |  Business
John Lewis tops shopping league
01 Feb 07 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific