The John Lewis Partnership, which owns John Lewis and Waitrose, announced on Wednesday that it expects profits to be almost completely wiped out this year.
The partnership also said it would close five Waitrose stores across the UK, although it expects the upmarket grocery chain to remain profitable throughout 2018.
The stores earmarked for closure are as follows:
Colemore Row, Birmingham
Portman Square, London
Four of the shops closing are Little Waitrose convenience stores, while the Camden branch is a small supermarket.
Following JLP’s announcement, the Co-op revealed it had exchanged contracts to take over four of the store locations. Meanwhile, Aldi has purchased the site in Camden and plans to open in spring next year.
Graham Hetherington, Aldi regional managing director, said: “The Camden store is an opportunity to reach customers in a busy London borough, many of whom may not have experienced Aldi’s award-winning, quality products at unbeatable prices before.
“We expect details of the agreement to be finalised in autumn and work will then begin to refit the store with a view to opening in spring next year.”
“Our aim is for stores to be at the heart of local life, creating stronger communities and offering great quality products conveniently, when and where our members and customers need them.”