Waitrose has reported a 3.4% increase in like-for-like sales after a strong year in which it poached one million new shoppers from its rivals.
Managing director Mark Price attributed a 6.7% increase in total sales to £5.76bn in the year to January 26 to matching Tesco on price and strong online growth.
Price explains the performance to Retail Week senior reporter Alex Lawson.
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Video: Waitrose boss Mark Price on price matching and online growth