All Morrisons articles – Page 17
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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 (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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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 (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 AnalysisMorrisons (People)
Rami Baitiéh, a former chief executive of Carrefour France, became chief executive at Morrisons in November 2023 after David Potts announced his departure from the business.
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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.
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AnalysisAnalysis: How Morrisons blazed a grocery trail through the Covid crisis
Morrisons’ profits might have fallen over the past year, but the grocer’s chief executive David Potts painted a picture of a business that has used a period of unparallelled upheaval to readjust its priorities for the future.
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NewsMorrisons sales rise but profits battered by relief repayment
Morrisons has recorded an uptick in like-for-like sales during the year where the grocer’s “resilience has been severely tested”.
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DataData: Grocery sales surge in February as online share hits record high
Grocery sales registered the strongest increase last month since June 2020 as Ocado and Iceland both delivered substantial growth.
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NewsMorrisons snaps up Cornish seafood supplier for undisclosed sum
Morrisons has become the first UK grocer to own a fishing boat after acquiring its longstanding seafood supplier Falfish.
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NewsMorrisons extends deal with McColl’s as conversion plans ramp up
Morrisons has extended a wholesale partnership with convenience store group McColl’s, which will convert more of its stores to the Morrisons Daily format.
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
