Sir Ken Morrison, the outspoken former chairman of Morrisons, has launched a stinging attack on the retailer’s boss Dalton Philips, describing his strategy for the recovery of the troubled business as “bullshit”.
Morrisons’ appalling results and the associated announcement last month by the retailer’s boss Dalton Philips that he planned to sell off a large slice of its estate to raise funds towards the £1bn earmarked for price cuts sent shivers throughout the...
Morrisons’ £176M loss for the year to February 2 - the latest in a series of lacklustre financial reports from the UK’s major supermarkets - has focused attention on Britain’s changing retail landscape.
A supermarket price war is likely to follow Morrisons’ pledge to cut its prices, in a bid to combat discounters Aldi and Lidl, after the retailer posted a loss of £176M last week, according to leading analysts.
Morrisons has reported a £176M loss in full-year results to February 2, compared with a previous profit of £879M, as the supermarket revealed plans to slash costs and lower prices in a bid to battle the discounters.
Morrisons and Tesco were “the clear laggards” among the four big supermarkets, while discounters and premium sellers continued to do well, according to City analyst Shore Capital, commenting on recent Nielsen market share data.
FFP Packaging Solutions has supplied flexible packaging for Whitworths’ latest dried fruit, nut and seed latest product launch - a breakfast range consisting of 30 new products with 13 film designs. The five sub-ranges of products include: Morning Munch,...
Morrisons’ boss Dalton Philips said the supermarket’s growth would come from expansion of its convenience and online businesses, in a statement accompanying the retailer’s half-year results posted yesterday (September 12).
Better banana quality and lower costs are the driving factors behind Morrisons’ acquisition of its first banana ripening factory, which will create 80 new jobs in Boston, Lincolnshire, says the retailer.
Supermarket Morrisons has agreed a partnership with the online distribution business Ocado – including the acquisition of its distribution centre – in a deal that will see deliveries to customers start by January 2014.
The UK’s fourth biggest supermarket Morrisons has “lost touch with its core customers”, claimed one leading city analyst, after the retailer reported total sales down by 0.5% over the six weeks to December 30 2012.
Food inflation will be “well on its way to 4%” by Christmas, and manufacturers need to prepare to put up their prices – with Morrisons particularly in “a tricky position”, warn analysts at Shore Capital.
Unicorns, Premier Foods, and Morrisons are just three of the topics to feature in our list of the seven most popular food and drink manufacturing articles published on FoodManufacture.co.uk in September.
Waitrose got more than it bargained for when it launched a social media campaign inviting consumers to reply to its tweet: “I shop at Waitrose because …” The response varied from the cutting to the down-right hilarious.
Asda’s acquisition of Netto stores will prove a key factor in Morrisons’ announcement of difficult first-half trading for 2012/2013, when it reports interim results on September 6, predicts Shore Capital analysts Clive Black and Darren Shirley.