Morrisons share price jumps as it agrees to sell 140 M Local convenience stores for £30m loss September 9, 2015 Morrisons has reached a deal to sell 140 of its "M Local" convenience stores, to a team led by retail entrepreneur Mike Greene. In a statement today, Morrisons said it will retain five of the strores, which are either on forecourts or will be converted to miniature versions of Morrisons' own stores. Read more: Morrisons' ill-fated [...]
Morrisons pulled up on Match & More price-match advert claims against competitors Tesco, Sainsbury’s, Asda, Aldi and Lidl August 26, 2015 Morrisons has been told it must be clearer about its promise to match the prices of competitors, including Aldi and Lidl. The supermarket's Match & More scheme, which is the only one of the big four to match the prices of the German discounters, has been pulled up by the advertising watchdog for not clearly [...]
M Local selloff: Morrisons’ ill-fated attempt to build a convenience arm has become a lesson for the industry August 26, 2015 It was a cold day in February 2013 when Morrisons’ former chief executive Dalton Philips was faced with a tough decision. Film rental chain Blockbuster had just collapsed and Morrisons was one of several suitors circling a portfolio of 50 stores administrators had put up for sale. Read more: It's a deal – Morrisons [...]
Supermarket wars: Big Four in big trouble as Tesco, Asda and Morrisons register more declines August 25, 2015 Tesco is still struggling to shrug off competition from the discount supermarkets, as data released this morning reveals yet more declines. While consumer spend within the grocery sector rose 0.9 per cent for the 12 weeks to 16 August, at Tesco it dropped by the same proportion. The price of a comparable basket of [...]
Morrisons nears deal to offload M Local stores August 16, 2015 Morrisons is in talks to sell its convenience stores to the investment firm behind the rescue of Monarch Airlines as the struggling supermarket chain focuses on reviving its core business. The Bradford-based retailer is said to be nearing a deal with a team of industry executives led by Greybull Capital to offload its M Local [...]
Milking it: Morrisons launches premium brand to “directly” support dairy farmers August 11, 2015 Morrisons is looking to herd off criticism from dairy farmers over the price of its milk by launching a new brand that it claims will “directly” support the trade. Morrisons Milk for Farmers will launch this autumn, sitting alongside the supermarket's standard range. This brand however will cost 10p per litre more than [...]
Farming unions and Farmers for Action to meet Morrisons as supermarket price wars drive down milk prices August 11, 2015 Dairy farmer groups are meeting with Morrisons bosses today as the two groups attempt to solve the ongoing dispute over milk prices. The meeting – which a Morrisons spokeswoman played down as “a cup of tea and a chat between a couple of people” – comes on the back of a week-long demonstration by [...]
Dairy farmers blockade Morrisons distribution centre over falling milk prices August 7, 2015 Dairy farmers have stepped up their protests against supermarket price wars, saying they will not be “bullied by British retailers”. This week has seen a swathe of protests directed at supermarkets including Morrisons and Asda. Last night farmers and their families staged a human blockade at Morrisons' regional distribution centre in Bridgwater. Unions [...]
Tesco and Sainsbury’s vs Asda and Morrisons: Britain’s biggest retailers row over Sunday trading laws August 5, 2015 British businesses are readying for a fight over government plans to shake up Sunday trading rules. The government will today open a formal consultation on proposals to give local areas the power to allow large shops to open for longer on Sundays. Current laws allow smaller shops to stay open all day, but limit larger [...]
Supermarket wars: Growth at Co-op Food for first time in a year, as Tesco and Asda decline yet again July 28, 2015 The Co-Operative supermarket is back in growth for the first time in a year, as Sainsbury's reclaims its second place position in the sector. The sector experienced slight growth for the 12 weeks to 19 July, with sales up 0.8 per cent year on year – though this was generally experienced by the smaller [...]