Supermarkets are looking for ways to boost gross margins, and a more aggressive approach to lagging outlets
Read MoreHaving store staff walking about the store filling baskets is the least efficient solution, particularly when it is their second job. In-store picking
Read More
The in-store pharmacy business at Morrisons is worth about £170m, so a sale would be useful but not game-changing. The rationale behind owning
Read MoreThe new instant delivery service will not significantly impact volumes at Morrisons. Morrisons Now is not intended to replace the weekly shop (online or in-store), but it does
Read More
Morrisons will remain under pressure as price competition continues. However, Morrisons has access to capital via the S&L market (at
Read MoreGiven the competitive UK environment, Morrisons' loss of its marketing director after two months reflects poorly on the company. CEO Rami Baitiéh will need to
Read MoreAldi grew sales 6.3% (vs inflation of 5.2%) and continues to close the gap on Morrisons. Given that grocery inflation is at the same
Read MoreThe tone of the release suggests that staff are hiding in store rooms, and the new policy will speed up shelf restocking. The move will not
Read MoreMorrisons’ comment that competition remains significant but rational is supported by the latest data from The Grocer. ALDI/Lidl are
Read More
Strong cash flow and recovery from the Hacking issues in Q1 were a relief. Higher taxes will be a headwind in H2, but management is still
Read MoreMargin preservation has pushed Morrisons to source non-British beef. Price pressure in the UK is going to continue to rise, and
Read MoreA new marketing director with a background in e-commerce is a good fit for Morrisons as it looks to combat the
Read MoreIf the rumour of a £200m sale and leaseback deal is true, this would add around £14m to interest costs. Morrisons has no
Read MoreMorrisons’ decision to expand its loyalty programme is a ripple caused by the ASDA price cuts, and the impact on Morrisons’ margins will
Read MoreAllan Leighton has decided not to wear the Chief Customer Officer hat, and ASDA has appointed Rachel Eyre from Morrisons. Eyre has the
Read More
Morrisons had a good start to the year (to end Jan). Q1 sales +2.1% LFL, in contrast to the -4.2% at ASDA. The company has increased its
Read MoreMorrisons is cutting costs rather than prices. There are only 365 in-store redundancies, so the cash impact will be
Read MoreThe senior appointments made at Morrisons show CEO Rami Baitiéh stamping his authority on the business. Revamping the
Read More