Morrisons news

Morrisons has released its Q3 trading results for the 13 weeks ending 30 th July 2023 and appointed a new Chief Executive Officer Q3 results reveal continued like-for-like growth In its latest trading update, Morrisons revealed a fifth consecutive quarter of like-for-like sales improvement. Group like-for-like sales increased 2.9% (exc. fuel, exc. VAT), whilst total sales stood at £3.8 b...

Morrisons has reportedly started discussions to sell its petrol forecourt business to the Motor Fuel Group (MFG). As reported by Sky News, the sale could be completed during the autumn for an enterprise value of £2.5 bn. Morrisons owns around 340 forecourts, whilst MFG owns around 900 sites. The talks between the two companies will likely see all or most Morrisons sites being sold. Morri...

Acquiring the McColl's convenience business saw Morrisons gain almost 1,000 sites which it is steadily converting into its Morrisons Daily format. The goal is to have thousands of Morrisons Daily stores operating around the UK. Source: IGD Research: Strategic outlook for Morrisons Image source: Morrisons Daily LinkedIn Morrisons continues to secure new wholesale agreements and str...

The supermarket channel faces tough market conditions over the next five years. The cost-of-living-crisis has seen shoppers turn to the discounters as they seek to stretch household budgets. Although food inflation has started to come down, it is expected to remain above recent historical levels into the first half of 2024. The discount and convenience channels will see their store footprints ...

A round-up of recent announcements on pricing by UK retailers. Tesco turns its focus to baby products Tesco has announced a further round of price cuts across 50 products. A quarter of the reductions will take place on products found in the baby aisle, with Tesco highlighting Pampers nappies reduced by 16% as well as Johnson’s baby shampoo and Florence and Fred cotton buds also seeing pr...

In the last few days Morrisons and Tesco have both announced new support packages for British farmers. Morrisons trial support package covering 100% of costs Morrisons will become the first UK supermarket to underwrite 100% of the costs associated with growing crops. The retailer will invest £2m in a year-long trial aimed at helping farmers mitigate the cost and weather pressures of gr...

Morrisons has launched a new food production group encompassing all its food manufacturing assets. The retailer is the only major grocer with an integrated supply chain creating own-label products for itself and other smaller firms. As reported by BetterRetailing.com, the new group, ‘Myton Food Group’, calls out its links to the retailer, stating “We have our roots in the Morrisons Supermarke...

The Competition and Markets Authority (CMA) has published its initial update on its ongoing work to tackle cost of living pressures in groceries with the publication of two reports: an assessment of retail competition in the groceries sector and a review of unit pricing practices across major retailers. On the first point, it has concluded that the level of competition is healthy and that the ...

Morrisons revealed a further round of price cuts last week. This is Morrisons' seventh set of price cuts in 2023 as it looks to limit the impact of inflation on shoppers. Over 170 branded and own-label products are included in the latest cuts, with savings of up to 15% held in place for the next eight weeks. Products highlighted by Morrisons include Warburtons plain bagels, Morrisons’ Cumbe...

Morrisons has begun rolling out its Savers range of products to its convenience store estate. Washing up liquid, toilet rolls, and sausages are among the first 10 products included. The total number of products is expected to increase to around 40 and will include key essentials such as eggs, ham, juice, butter, cheese, and mince The products will be available in over 500 Morrisons Daily st...