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Jan 30Liked by Ian Shepherd

Ian, I think your comments on JLP are insightful and helpful. A few years ago Waitrose did some analysis of their head office headcount, and found that they had 4 times the number of their most efficient comparator of similar size, a Dutch supermarket, Jumbo. But there was never the will internally to deal with the overstaffing, and so it continued on! I hope that they will be more successful this time, giving those that remain a more prosperous future.

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That's very kind Will, thanks. That's a fascinating insight on the size of the Waitrose Head Office, and the failure to deal with the issue is a reminder that it isn't just the number of people in the centre but also their quality and the culture they create that matters.

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