Morrisons
This coverage explores Morrisons’ strategy, operations, and market presence within the UK grocery and retail sector. Reporting includes store performance, product development, supply chain initiatives, financial results, marketing strategies, sustainability efforts, and leadership decisions. With an emphasis on commercial impact and competitive strategy, it provides valuable insights for retail professionals managing grocery, convenience, and large-scale retail operations.
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Apr- 2024 -4 AprilPeople Moves
A.F. Blakemore appoints new chief people officer
A.F. Blakemore, one of the UK’s largest privately owned family businesses, has appointed Nicola McIntosh as its new chief people officer, effective 20 May. McIntosh joins the company from Rotherham, Doncaster, and South Humber NHS Trust, where she served as executive board director of People and Organisational Development. In this…
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3 AprilNews
Today’s news in brief-3/4/24
Amazon is reportedly discontinuing its Just Walk Out checkout system in US Amazon Fresh stores, opting instead for Dash Carts, which allow shoppers to pay as they shop. The move, announced by Tony Hoggett, Amazon’s senior vice president of grocery stores, aims to enhance customer experience by integrating features like…
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3 AprilSupermarkets
Supermarket sales jump 5.4% in March
Total till sales at UK supermarkets grew 5.4% in the four weeks ended 23 March 2024, according to data from NIQ. Whilst this is a slight increase compared with the 5.3% growth reported last month, the drop in food inflation (3.7%) compared with 15% last year has encouraged shoppers to…
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Mar- 2024 -13 MarchNews
Today’s news in brief-13/3/24
Morrisons reported a loss of £1.1bn for the year ending October 2023. The increase in debt, mainly due to the takeover by Clayton Dubilier and Rice, has led to rising finance costs, reaching £735 million. Despite a slight drop in revenues to £1.84bn, underlying profits excluding debt interest costs have…
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13 MarchSupermarkets
Morrisons posts £1.1bn loss as debt payments rise
Morrisons has posted a loss before tax of £1.1bn for the year ended 29 October 2023 as its debts increased as a result of its takeover by Clayton Dubilier and Rice. The company saw its finance costs rise to £735m, up from £593m in the same period last year. These…
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11 MarchNews
Matalan unveils five new senior leadership appointments
Matalan, the fashion and homeware omnichannel value retailer, has announced the appointment of five new leaders as it continues its business transformation. The retailer has appointed a new director of online, David Seeby, to drive forward its e-commerce offer, harnessing new technology to build a best-in-class omnichannel experience for Matalan’s…
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5 MarchSupermarkets
Supermarket sales slow as retailers push branded promotions
Total Till sales at UK supermarkets slowed +5.3% in the last four weeks ending 24 February 2024, according to new data released today by NIQ. This is a slight slowdown compared with the +6.6% increase reported last month, a result of food inflation falling to 5%. However, grocery retailers capitalised…
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Feb- 2024 -27 FebruaryNews
Today’s news in brief-27/2/24
Shop price inflation reached its lowest level since March 2022, dropping to 2.5% in February, according to new figures from the British Retail Consortium (BRC). This decline was attributed to easing input costs for energy and fertilisers, resulting in lower food prices. However, non-food inflation remained stable, with clothing prices…
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27 FebruarySupermarkets
Grocery sales jump 5% as food price inflation falls
Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell 5.3%, marking the lowest rate since March 2022, according to the marketing data and analytics company Kantar. February also saw a return to indulgence for some consumers as dry January…
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27 FebruarySupermarkets
Morrisons hires advisors as it eyes sale of bakery business
Morrisons has reportedly drafted in advisers to explore the potential sale of its bakery business, as part of plans to offload assets in order to pay down its debts. According to The Telegraph, the supermarket is now working with Deloitte to explore potential interest in Rathbones bakery, which supplies baked…
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