Morrisons news and analysis – Page 119
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Co-op enters Sedgley fray
The West Midlands Co-op has opened in Sedgley after spending £600,000 on refurbishing a former Safeway store bought from Morrisons for £7m. This new store, in the centre of Sedgley, faces fierce competition and it needs to attract previous...
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Netto picks up Norwood
Netto has bought Safeway’s store in Norwood, Beverley, from Morrisons for an undisclosed sum. The Danish company, which is also interested in a raft of Safeway’s smaller stores, will pump £3m into refurbishing the store, which will re-open in...
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Meat chain questions
It remains unclear what steps Morrisons is taking post-Safeway takeover to consolidate its meat supply channels.The vertically integrated multiple runs a generally pro-British buying policy, though something like 5% of its beef supply comes...
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Morrisons keeps Exult on board
Exult, provider of HR-led business process outsourcing, has reached an agreement with Morrisons supermarkets to continue to provide accounting and payroll services for their Safeway businesses in the UK. Exult will continue with its existing...
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Tesco buys 10 Safeway stores
Tesco has bought 10 Safeway stores from rival retailer Morrisons for around £87.6m. This is the latest batch of store divestments by Morrisons since the completion of its takeover of Safeway in March. Morrisons was required to sell the...
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JS falls down on stocks
Sainsbury continues to lag behind its competitors in the availability stakes, according to The Grocer 33 survey.The multiple, which recently parachuted in former Safeway logistics chief Lawrence Christensen to tackle its supply chain problems,...
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Asda buys four Safeway stores
Morrisons has announced it has agreed to sell four more stores from the Safeway portfolio to Asda.Three of these stores are among the list of those Morrisons is required to sell as a continuation of the disposals required by the Office of...
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Expansion will feed Morrisons
Mushroom specialist Greyfriars is planning to diversify into sweetcorn, garlic and cabbage to help Morrisons meet its post-Safeway acquisition produce needs.The producer has unveiled a £300,000 packhouse near Ripon in North Yorkshire that will...
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Morrisons’ hell of a task is on course
It was finally open house at Morrisons as the retailer threw open the doors of a flagship conversion and talked in detail for the first time about how the programme is progressing. Liz Hamson reportsEver since...
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West Midlands Co-op opens superstore in Sedgley
West Midlands Co-op opened the doors to its new Sedgley superstore last week after purchasing the former Safeway site for £7m.More than 6,000 people passed through the doors in the first two days following a 10-day, £600,000 refurbishment and...
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JS signs Christensen as supply chain chief
Sainsbury has drafted in top logistics expert Lawrence Christensen in a bid to tackle the problems afflicting its new distribution centres.Christensen, who was group operations director of Safeway before its acquisition by Morrisons, has joined...
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Is Morrisons up to the task?
Its first profit warning in 37 years resulted in City analysts substantially cutting profit forecasts. So how do these analysts rate Morrisons now, asks Glynn DavisThe brief period of euphoria following the consummation of the deal...
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New branches will think local
Waitrose has started talking with regional food groups about introducing local sourcing to the 19 stores it has purchased from Morrisons after the Safeway takeover. A spokeswoman said that Waitrose has the capacity to tailor its assortment...
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Morrisons bolsters buying team
Morrisons has brought two new buyers into the beers, wines and spirits team to improve its range.James Jackson is moving from Tesco to join Morrisons as a wine buyer. He spent the past five years with Tesco, first as a food buyer and later in...
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For better, for worse
Are Morrisons’ changes to Safeway going down well, asks Elaine WatsonEnjoying the change? It all depends where you live and how old you are,according to exclusive new research from HI Europe.Five months after Morrisons took the reins...
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Shoppers shed few tears for Safeway
Morrisons has received a qualified thumbs up from consumers for its integration of Safeway and been cleared by the OFT of running down stores it was preparing to sell. A quarter of Safeway customers say the shopping experience at Safeway has...
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Morrisons to sell stores to Wal-Mart
Supermarket chain Morrisons is on the verge of agreeing a £40m deal to sell stores to Wal-Mart, according to newspaper reports.The retailer is required by the Competition Commission to sell 52 outlets in return for official clearance for its...
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Pye is Tops in Hong Kong
Tops Supermarket in Hong Kong has appointed former Safeway director Ian Pye as its new president.Pye moved to Asia after a 30-year career with Safeway, where he started out as store manager and rose up through the ranks to become a director of...
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NI sale hitches looming
Competition issues could thwart Morrisons’ attempt to raise cash from a quick sale of Safeway stores in Northern Ireland, new research by CACI suggests.Morrisons is understood to have sent out information packs on the 12 Safeway stores in...
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Safeway: the exodus
Shoppers are abandoning Safeway in huge numbers. Is there anything Sir Ken can do to stem the loss? Liz Hamson reportsBut Sir Ken may have underestimated the competition from Tesco and Asda and over-estimated the appeal of...