Connect with us

Hi, what are you looking for?

United Kingdom

Fewer reasons to shop at Morrisons

Supermarket giant Morrison is to close four stores, putting more than 400 jobs at risk.

The decision was taken after a performance review of the company’s 494 stores.

Recent industry data has revealed the Bradford based business to be the worst performing among the UK’s big four.

Advertisement

In the three months to August 11th its sales are down 2.7%.

Its market share has dropped from 10.3% a year ago to 10.1% now.

A Morrisons spokesperson said:

“We will now be going through a consultation process at the stores and discussing how to reduce redundancies and where possible redeploy colleagues.”

The stores earmarked for closure include supermarkets in Crawley, Ince in Wigan, Shirley in Solihull and Swindon Regents Circus.

All Britain’s big four supermarket chains – Tesco, Asda, Sainsburys and Morrisons – are under pressure from the German discounters Aldi and Lidl.

Both are expanding quickly and increasing online sales.

Last month, Waitrose said it was closing seven supermarkets to focus on expanding its home delivery arm.

 

 

Comments

Latest Tweets

London Globe

UK and EU formally adopt new Brexit Windsor Framework deal. london-globe.com/european-uni… zpr.io/wwbDF4e2r3kG #news #

Advertisement

You May Also Like

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...

European Union

On April 9, 2022 Dimash Qudaibergen’s first solo concert in Germany took place in Düsseldorf. The colossal energy and the atmosphere of unity did...