All Morrisons articles – Page 10
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NewsMorrisons’ private-equity suitor told to up the ante as backlash continues
The private-equity firm behind rebuffed interest in Morrisons has been told to up its potential offer as the backlash against a mooted takeover of the grocer continues.
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NewsMorrisons sale prospect prompts plea from hard-pressed UK farmers
The ongoing speculation around the possible sale of Morrisons to a private equity firm has prompted a plea for continued support from the farmers union.
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AnalysisAnalysis: Why is retail directors’ pay prompting a shareholder backlash?
Following a big shareholder revolt over Morrison’s decision to award executive bonuses and with JD Sports also likely to be in the firing line, Retail Week looks at why executive pay is becoming increasingly contentious.
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NewsMorrisons spurns £5.5bn takeover approach from US private equity firm
Morrisons has rebuffed a shock takeover bid from a US buyout firm advised by former Tesco boss Sir Terry Leahy, a move that could spark approaches from rival bidders.
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NewsMorrisons rebuffs £5.5bn takeover bid from private equity firm CD&R
Morrisons has rejected a takeover bid from American private equity giant Clayton, Dubilier & Rice (CD&R).
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NewsMorrisons shareholders dismiss Covid efforts in massive pay rebellion at AGM
Morrisons investors have opposed the grocer’s pay report in large numbers at today’s AGM, prompting dismay at the grocer.
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NewsMorrisons sales jump as fuel and food-to-go rebounds
Morrisons has posted an uptick in sales as it looks forward to “a year of meaningful profit growth”.
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Retail Navigator AnalysisMorrisons (Strategy)
While other grocers have been closing counters in their supermarkets and arguably moving away from more service-led elements of retail, for Morrisons, these Market Street aspects, including its butchery, fishmonger and deli counters, continue to represent its point of difference.
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Retail Navigator AnalysisMorrisons (SWOT)
Morrisons owns most of its supermarkets and, while this is giving it scope to raise cash through some sell-offs, the proportion of stores held freehold is unlikely to be reduced below 80%, which will still be a significantly higher proportion than most of its rivals. It also produces more than half of the products it sells.
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Retail Navigator Analysis
Morrisons (Overview)
Morrisons has been led by chief executive Rami Baitiéh since November 2023 after the departure of David Potts. Under its ‘Fix, Rebuild, Grow, Sustain’ strategy, Morrisons is building a brand that is “broader, stronger, popular and more accessible”. It believes that this has contributed to its profitable and capital-light growth, particularly via further leveraging its vertically integrated assets.
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Retail Navigator AnalysisMorrisons (Financials)
Morrisons’ group revenue excluding fuel increased 2.7% to £14,885m for the year to 29 October 2023 (FY2023), with likes for likes excluding fuel up 1.8%. Impacted by lower fuel prices and the acquisition of McColl’s Morrisons’ total group sales came in at £18,358m in FY2023 from £18,479m the previous year.
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NewsCo-op ditches bags for life to cut plastic use
The Co-op is to replace plastic bags for life with compostable and renewable carriers as it seeks to reduce the use of plastic.
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DataData: The grocery winners and losers from the Covid-19 pandemic
Now that most grocers have issued full-year results, Retail Week crunches the numbers on a year marked by the coronavirus pandemic that supercharged food retailing.
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NewsEx-Post Office boss quits Dunelm and Morrisons boards
Former Post Office chief executive Paula Vennells has stepped down from a number of non-executive director positions folllowing the IT scandal that rocked the British institution.
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AnalysisLife after Covid: John Lewis, Asda and Ikea on retail’s post-pandemic priorities
From a renewed focus on price to a more flexible workforce and changing approaches to online, stores and supply chain, Retail Week looks at what’s top of the to-do list for retailers.
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NewsMorrisons becomes first UK grocer to remove plastic bags from stores
Supermarket giant Morrisons has become the first grocery chain in the UK to completely eliminate plastic bags from its stores, a move it says will save 3,200 tonnes of plastic a year.
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AnalysisRetail with purpose: how to pin down yours
More than ever, consumers are looking to shop with brands with purpose – those that share the same values as themselves. But how do retailers establish what their purpose is and how do they communicate it to staff and shoppers?
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NewsMcColl’s profits slide as Morrisons partnership extended
McColl’s has recorded a decline in profits as the pandemic altered its shoppers’ spending habits.
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Opinion
‘New partnerships such as Next and Reiss are shaping retail’s future’
Agility and partnerships go hand in hand with brand relevance and evolution. So do innovation and investment.
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Opinion‘JLP and Morrisons’ green and community drives provide platform to rebuild’
One would be forgiven for thinking British business was on the brink of collapse amid some of the headlines this morning.
