Tesco, Asda, Sainsbury and Morrisons must make more of what they do best with food and drink in their fight back against the discounters Aldi and Lidl, a leading analyst has claimed.
Supermarkets with their own food manufacturing facilities have a better chance of price war survival, city analysts have claimed, after the boss of Waitrose warned Britain’s biggest retailers would be wiped out by continued price cutting.
Morrisons boss David Potts has boosted the ailing retailer’s sales and market share for the first time since December 2011, after heading the business for just four months.
Morrisons could face a shareholders’ revolt at its annual general meeting (agm) later this week over its decision to pay former ceo Dalton Philips a £1M bonus, after a share advisory group slammed the decision “as severely out of line”.
Morrisons’ ceo David Potts has enlisted the help of the store’s former boss Sir Ken Morrison in his bid to revive the fortunes of the beleaguered retailer.
Morrisons’ boss David Potts has pledged to exploit the retailer’s “unique attributes”, as the retailer’s first-quarter trading results revealed like-for-like (LFL) sales down nearly 3%.
Tesco and Sainsbury shoppers are most likely to vote Conservative, Asda and Morrisons customers favour Labour and the UK Independence Party (UKIP) has the highest support among Sainsbury’s shoppers.
Morrisons, Iglo Group, Leatherhead Food Research and Assured Food Standards were all left searching for new bosses this month as the current incumbents announced their decisions to step away from their roles.
Former Morrisons’ ceo Dalton Philips – ditched by the retailer in January – has received a £1M bonus, taking his total pay for last year to £2.1M, according to the retailer’s Annual Report.
Sir Ken Morrison, former boss of Morrisons, has lost £167M in the past year as the value of the shares he holds in the business has dropped, according to The Sunday Times.
Rachel’s is facing job losses as a result of the organic dairy producer losing a contract with Tesco amid the multiple’s drive to cull 30% of its stock keeping units (SKUs).
Food manufacturing is essential to the future success of Morrisons, this website’s readers have ‘warned’ the retailer’s boss David Potts, following conflicting advice from City analysts.
Morrisons new boss David Potts “could galvanise” the troubled retailer, according to City analysts less than two weeks after he took over the role of chief executive from Dalton Philips.
Morrisons’ boss David Potts has told his head office staff to work on the shop floor this Easter – in a bid to persuade them to “listen hard” to customers and store colleagues.
Morrisons has experienced a “worryingly flagging” fall in the number of shoppers visiting its stores in the past year, according to its annual results, a leading analyst has claimed.
Beleaguered supermarket chain Morrisons has posted pre-tax profit down 52% to £345M for the full-year to February 1 and axed 380 jobs with the closure of 23 convenience stores.
Online retailer Ocado will continue to grow ahead of the online grocery market, predicted its boss Tim Steiner, as it posted group sales up by 19.2% for the 12 weeks to February 22.
In case Morrisons’ new ceo David Potts was looking for inspiration to revive the flagging fortunes of the Bradford-based retailer, an article in The Telegraph has helpfully suggested a to-do list.
Morrisons’ food manufacturing links will play a key role in restoring the fortunes of the troubled retailer, which will take up to five years, says its new chairman Andrew Higginson.
The impact of the supermarket price war on food and drink manufacturers, politics and the prospect of a food tax all featured in Paul Wilkinson’s summary of 2014 at the Business Leaders’ Forum in central London.
Morrisons is the UK’s “most undernourished” supermarket, according to a leading analyst commenting on the retailer’s Christmas trading statement, in which it unveiled the departure of ceo Dalton Philips.
Morrisons boss Dalton Philips is to quit the business, as the retailer announced falling festive sales and the decision to close 10 unprofitable stores.
A Morrisons wine promotion provoked outrage from shoppers after it failed to meet the demand it had created, provoking a reprimand from the Advertising Standards Authority (ASA).
Discount store Aldi has pledged to create 35,000 new UK jobs over the next eight years in a £600M expansion that will boost its store numbers to 1,000.
Morrisons has posted a “dismal” set of third-quarter results, which prove it is losing the battle with hard discounter stores Aldi and Lidl, warn City analysts.
Morrisons’ trading remains a worry, as the retailer enters a critical quarter in a currently “un-investable” British retail sector, warns City analyst Shore Capital, ahead of the firm’s third-quarter results to be posted this week.
The big four retailers should launch more convenience stores on the doorstep of their rival discounters to fight the competition, according to a leading professor from Aston Business School.
Aldi’s business strategy will prevent the big four retailers ever beating the discounter on price, according to a leading professor from Aston Business School.
Morrisons’ former treasurer and head of tax, Paul Coyle, has been charged with two offences of insider dealing by the Financial Conduct Authority (FCA).
Food and drink suppliers should use insights from the success of hard discounters Aldi, Lidl and Poundland to boost their own retail prospects, a category management specialist has claimed.
Morrisons is investing £19M to speed up the supply of fresh produce and keep it cooler for longer in a bid to keep ahead of competition from discounters Aldi and Lidl.
Dragons’ Den winner Barenaked Foods has clinched a deal to supply 400 Morrisons stores with its range of low-carb, gluten-free products, securing a thumbs up from the retailer’s grocery buyer.
High hopes have been pinned on the ability of Morrisons’ new chairman elect Andrew Higginson to revive the fortunes of Britain’s fourth largest supermarket chain.
A Morrisons-sponsored degree course in leadership and logistics, designed for the retailer’s own staff, has yielded its first graduates at the University of Hull.
Morrisons is trying to turnaround poor sales and boost its slow-starting online business by giving cash to customers in conjunction with third-party rewards platform Quidco.
Morrisons has announced it will invest a “sizeable” amount of money to open a new 8,825m² distribution centre alongside its existing Bridgwater manufacturing site.
Bad news continues to dog supermarket chain Morrisons, with the announcement last month that 2,600 store managers were likely to lose their jobs as part of a review of its retail operations.
Morrisons’ ability to raise £300M through a favourable bond deal on Friday (June 27) was “a chink of light” for shareholders, according to Shore Capital analyst Clive Black.
