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Morrisons to close 11 supermarkets as profits slide in first half

Morrisons to close 11 supermarkets as profits slide in first half

Morrisons has reported a 47% fall in half year profits to £126m and is closing 11 supermarkets as part of its plans to turnaround the business. Like-for-like sales in the six months to 2 August fell by 2.7%. Yesterday (9 September), Morrisons confirmed

10/09/2015 | Convenience and independent retailers, Retail News, Retailer News | Read More
Morrisons posts £792m loss and plans closure of 23 M local convenience stores

Morrisons posts £792m loss and plans closure of 23 M local convenience stores

Morrisons has reported a loss of £792m in its last financial year and announced plans to close 23 of its M local convenience stores. Total sales in the 12 months to 1 February 2015 were down 4.9% to £16.8bn. Like-for-like sales,

12/03/2015 | Convenience and independent retailers, Retail News, Retailer News | Read More
Morrisons opens 50th M local store and targets 100-strong chain by year end

Morrisons opens 50th M local store and targets 100-strong chain by year end

Morrisons has opened its 50th M local store, creating 1,000 new jobs so far across the UK, with more on offer in areas including Walton-On-Thames, Littlehampton and Cirencester. The opening of the 50th Morrisons M local in Derby is a

24/09/2013 | Convenience and independent retailers, Retail News, Retailer News | Read More
Morrisons awards five-year contract to Wincanton to support M local expansion

Morrisons awards five-year contract to Wincanton to support M local expansion

Morrisons has awarded a five-year contract to Wincanton, a leading provider of supply chain services in the UK & Ireland, to support its expansion of its M local convenience format in the north of England. The contract is for combined

28/06/2013 | Convenience and independent retailers, Retail News, Retailer News | Read More
Exclusive: brand design agency, M Worldwide, predicts future retailing trends

Exclusive: brand design agency, M Worldwide, predicts future retailing trends

Retail Times editor, Fiona Briggs, talks to David Martin, joint managing director at brand design agency, M Worldwide, about future retail trends Brand design agency, M Worldwide, has a hawk-eye view of the latest retail trends and concepts. The business

29/03/2012 | Convenience and independent retailers, Retail News, Retailer News | Read More

Morrisons focuses on fresh in first M-local convenience store

Morrisons has opened its first convenience store under the M-local brand and is putting the emphasis on fresh foods. The Ilkley,Yorkshire, store opened at 1pm today and is the first of a three-store trial designed to evaluate the convenience offer,

08/07/2011 | Convenience and independent retailers, Retail News, Retailer News | Read More

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