date:Aug 04, 2014
Upmarket supermarket Waitrose has issued a profit warning following the huge investment made in the business over the past year.
It is the retailer's second profit warning in just three years.
Mark Price, managing director at Waitrose, warned investors that the supermarket's unprecedented investement in the business over the past twelve months will impact the profit in its interim results on September 1.
Significant investment in the myWaitrose loyalty card scheme, price-matching promotions a