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Home Retail News Retailer News

Waitrose announces record price cuts – without compromising on quality

by Fiona Briggs
February 15, 2023
in Retailer News
Reading Time: 3 mins read

Waitrose is committing a record £100m to lower the prices of hundreds of everyday products, making it easier for customers to keep buying quality products when household budgets are under pressure.

The price cuts begin today (15 February) on over 300 popular own-brand products, from British carrots and frozen peas to Fairtrade tea and British sausages made from outdoor bred pork. Nearly a quarter of prices are being cut by 20% or more.

The cuts include reducing the prices of nearly one third of our lowest priced own brand range ‘Essential Waitrose’ by on average 14%.  There are over 900 products in the Essential range, which is the largest value range of any supermarket and shopped by nearly 7 in 10 customers.  On average customers buy more than four Essential items each time they shop with us.

James Bailey, Executive Director for Waitrose, said: “We understand that getting value for money has never been more important for everyone. So we’re cutting the prices of hundreds of everyday favourites from carrots to butter, and tea and coffee, with many cut by 20% or more. This means our customers can enjoy greater value in every shop, and by lowering prices in our Essential range we’re making our lowest prices even lower.

“Although we’re cutting prices we won’t compromise our commitments to delivering excellent customer service, exceptional quality and the unique ranges  we know our customers love; as well as our commitments to our farmers and suppliers which means customers can continue to feel good about shopping with us.”

The price cuts include a range of British products from vegetables to ham and cheese further emphasising our commitment to supporting UK suppliers.

In recent months, we’ve invested heavily to support our British farmers, through very challenging times. This has helped  make sure their businesses survive for generations to come and keeps their high quality products on our shelves.

James Bailey continues: “Supporting our farmers is as important as supporting our customers. Last year alone, we paid our British beef, chicken, egg, milk, poultry and salmon farmers an additional £56m as a result of the increase in costs they were facing.

“We remain committed to buying British and to the highest animal welfare standards, not just for whole cuts of meat but in other products from sandwiches to stocks and mayonnaise.”

Examples of price cuts

Product

Old Price

New Price

% Reduction

Waitrose Essential British Roast Ham  Slices 80g – British and outdoor bred

£1.50

£1

33%

Waitrose Essential Mature British Cheddar Strength 4 160g – made from British milk

£2.10

£1.50

28%

8 Waitrose Essential pork sausages – British and outdoor bred

£2.65

£2.00

24%

Waitrose Essential Savoy Cabbage British and LEAF accredited

90p

70p

22%

Waitrose Essential Frozen Garden Peas 725g – British and LEAF accredited

£1.20

£1

17%

Waitrose Essential Carrots 1kg  – British

60p

50p

17%

Waitrose Essential  Original Blend Tea 160 teabags 500g – Fairtrade

£2.20

£2

9%

Waitrose Essential Unsalted Dairy Butter 250g – Made in Shropshire, with milk from British farms

£2.20

£2

9%

Waitrose Essential MSC certified Tuna chunks in water 112g drained weight – responsibly farmed and caught using pole and line method

£1.25

£1.15

8%

                 Prices shown are available in Waitrose supermarket shops and online

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Similar Retail News Articles:

  1. Aldi invests £300m in price cuts
  2. Why 60% of UK consumers are choosing quality over price
  3. Asda doubles down on commitment to value with up to 45% price cuts on thousands more products
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