Morrisons strikes £331 million property deal amid significant debts Property Supermarket group Morrisons has agreed a £331 million property deal as part of efforts to slash its significant debt pile. The private equity-owned retailer said on Thursday that it expects to complete the “ground rent financing” deal around October 2. It said Morrisons will sell 76 properties to an undisclosed business, before these are then [...]
Why are convenience stores all the rage? Business Earlier this week, Waitrose became the latest UK grocer to announce a big push into the convenience store market. The supermarket giant will open 100 stores in the next five years as part of a $1bn investment plan. Waitrose follows Asda, Morrisons (with its McColl’s estate), Tesco, Sainsbury’s and the Co-op in ploughing ahead with [...]
‘It’s not where we want to be’: Asda sales shrink as supermarket rivals eat into market share Retail Asda’s sales have dropped again after it continued to lose market share to its supermarket rivals, according to new figures. Revenue in its second quarter of its financial year was down 2.2 per cent, with a 5.3 per cent like-for-like decline, as its sales slump accelerated. Competitors like Morrison’s, Tesco and Sainsbury’s have been slowly [...]
Morrisons shakes off Aldi and Lidl competition as sales continue to rise June 25, 2024 Morrisons shook off competition from discount rivals Aldi and Lidl to post another rise in sales during its latest quarter.
Supermarkets hope for Euro 2024 boost as Asda and Co-op lose ground June 18, 2024 Asda and the Co-op are the only major supermarket brands in the UK to have lost market share over recent weeks, according to new figures.
Tesco, Sainsbury’s, Aldi: Who owns Britain’s biggest supermarkets after Asda takeover? June 12, 2024 British supermarkets like Tesco, Asda, Sainsburys, and Waitrose might be household names, but who is pulling their strings?
Asda named the most expensive supermarket petrol seller ahead of Tesco, Morrisons and Sainsbury’s June 5, 2024 Asda has been named as the UK’s most expensive supermarket fuel retailer ahead of rivals Tesco, Morrisons and Sainsbury’s.
Morrisons: Debt-laden grocer records strongest sales growth in three years March 27, 2024 Supermarket Morrisons has reported its strongest like-for-like sales in over three years, helped by competitive pricing strategies.