Morrisons news and analysis – Page 117
-
News
Tesco claims it’s no big deal
Retail king defends c-store acquisitions as IGD reveals extent of its dominanceTesco has insisted that its plan to acquire as many as 30 Safeway forecourt c-stores does not mean it is reneging on a vow to grow its Express format by only...
-
News
Somerfield must sell 12 stores
Somerfield must sell 12 of the 115 stores it acquired from Morrisons, the Competition Commission has concluded.In a statement released this morning, Christopher Clarke, chairman of the inquiry, said: “Following responses to our provisional...
-
News
Tesco acquires 30 petrol stations
Tesco has made an offer to acquire 30 former BP/Safeway petrol stations from supermarket group Morrisons.The deal for the 30 petrol stations and convenience stores, which are located across England and Wales, is subject to BP pre-emption...
-
News
Trolley maker to close
A major manufacturer of supermarket trolleys is to close, with the loss of 90 jobs. Buko, based at Glenrothes in Fife, had suffered from poor trading, which affected profits. The company, which supplied Asda and Safeway, also manufactured...
-
News
Asda grows by 40 stores this year
As Wal-Mart released its second-quarter results this week, it said there would be 40 new Asda stores by the end of the year.Since January, 14 of these stores have already opened and the total will include the 12 former Morrisons stores in...
-
News
Sainsbury acquires nine stores
Sainsbury has acquired nine former Safeway stores from Morrisons.Eight of the stores are located in the south of England and the ninth is in Scotland. They have an estimated gross asset value of approximately £16.8m.Justin King,...
-
News
Tesco faces pay militancy
Tesco has become the latest supermarket to be hit by the on-going unrest among distribution workers and unions.Asda and Morrisons distribution centres have already been caught up in various pay and employment disputes for months and now the...
-
News
Strike threat looms
Morrisons has been branded “pig-headed” as the threat of a national depot workers’ strike looms. All union depot workers in Scotland and England will be balloted for industrial action after formal notification is sent to Morrisons next week.The...
-
News
Reasons to be confident
Things are starting to look up for Morrisons, says Ronan HegartyThis week came the first signs that things are looking up for the beleaguered Morrisons as it reported like-for-like sales excluding fuel up 2.6% for the six months to...
-
News
Mixed reaction to Morrisons update
Analysts remain divided as to whether Morrisons latest trading update revealed yesterday was good news for the supermarket group.Morrisons said that total like-for-like sales for the continuing business for the half-year to end July 24 had...
-
News
Poland’s supply impact is set to mushroom
The boss of Morrisons’ mushroom supplier says the appointment of a Polish woman to head up its producer group indicates that Poland is to become a far more significant player in the UK market.C John Smith, MD of marketing and distribution...
-
News
Morrisons’ bid to woo south
Shoppers in the south are to be wooed by Morrisons, which is planning a major marketing campaign extolling the virtues of its stores and ranges. Morrisons is expected to launch a full-on media blitz in the south east towards the end of summer –...
-
News
Asda on track for NI expansion
Asda has gained planning permission for four development sites for new stores in Northern Ireland as it gets under way with growth plans for the province.Three of these will replace existing Safeway stores, in Ballyclare, Enniskillen and...
-
News
Rosé wines in the pink
Morrisons is taking advantage of the growing demand for rosé wine through its summer Drink Pink promotion.The promotion will run until mid July, with offers available across the whole of the rosé range, such as £1.50 off Fetzer Syrah Rosé....
-
News
Morrisons still losing its hold
As we finally move into summer weather, many retailers are waiting in anticipation for seasonal sales uplifts. Even so, topline retail sales growth in the grocery multiples has been relatively good at 4.8% in the three months up to the beginning of...
-
News
morrisons never ‘forgot’ the people
from Mike Greenwood, personnel and training director, MorrisonsSir; Steve Crabb’s uninformed views in the article ‘Don’t forget the people’ (The Grocer, June 18, p76) belittle the effort, skills and enthusiasm of the many people...
-
News
City wants Morrisons peace
One senior retail expert said investors were infuriated by recent press coverage depicting the two men at loggerheads.He said: “The language used in the papers has been that of politics rather than commerce, which is disappointing. Sir Ken has...
-
News
Unions join forces against Morrisons
Two of the biggest unions have joined forces and are threatening to shut down Morrisons’ distribution network across England and Scotland.Morrisons is facing a national ballot for strike action unless it caves in to demands from the T&G and...
-
News
Morrisons boardroom troubles continue
Boardroom battles at troubled supermarket group Morrisons are set to continue over the summer.Reports in the Financial Times said that the retailer’s appointment of three non-executive directors earlier this week had failed to simmer the...