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.
Morrisons has come under fire from a number of its suppliers over the past month. They have accused the supermarket of "aggressive" and heavy handed attempts to force over 200 of them to accept price cuts of up to £500,000 each and impose improved...
Morrisons’ “ridiculous” plans to secure savings of half a million pounds from each of its suppliers and improved buying terms are proving difficult to implement, informed sources have told FoodManufacture.co.uk.
Supermarket chain Morrisons, the only major multiple retailer to operate its own meat processing factories, has struck a deal to acquire a 9,755m2 meat processing facility in Winsford, Cheshire from Vion UK.
New Marks & Spencer boss Marc Bolland may seek to extract fresh savings from his food supply base this year, but is unlikely to embark on another ‘project Genesis’-style crusade in the immediate future, analysts have predicted.