MarketLine Blog

Posts tagged to Morrisons

Tesco & Carrefour – Strategic partnership protecting wafer thin margins

MarketLine

All the big traditional supermarkets are trying to cut costs and improve profitability, as they adapt to an array of pressures and changes which are reshaping the industry. Grocers in Europe have come under pressure in recent years from the expansion of Lidl and Aldi, the German discounters that offer a narrower range of products bought in huge volumes at deeply discounted prices. Additionally, traditional grocers are under increased pressure from Amazon fearing the potential disruption it could cause in the grocery sector. As efforts by traditional retailers to shore… Read more

Next alone in its Christmas disappointment

MarketLine

The Christmas trading period is the most important time of the year for retailers, accounting for a significant proportion of a company’s sales and profit. In January 2017, numerous UK retailers revealed their Christmas 2016 trading results, with many high street retailers hailing the festive period a success. A notable exception to this was Next PLC, which revealed it had faced a difficult Christmas trading period and warned of a problematic retail environment in the UK as a whole. On 4th January 2017, Next was the first high street retailer… Read more

Supermarkets facing up to the discounters; Asda left behind?

MarketLine

Supermarkets in the UK have faced a tough marketplace in recent years. The recession, and the accompanying squeeze on incomes, has led to many consumers becoming shrewd in their purchases and increasingly looking to find the cheapest option. This has led to a climate in which discounters, and in particular Aldi and Lidl, have been able to thrive. The impact on the big four supermarkets has been evident. Tesco, Sainsbury’s, Asda, and Morrison’s have all seen sales fall and profits eroded. Asda, Tesco, Sainsbury’s, and Morrison’s all responded to the… Read more

Morrison’s: Can’t match up to the discounters?

MarketLine

From November 2, 2015, Morrison’s will be making changes to its Match & More scheme. The program will no longer include Match points on comparable shopping. The scheme, which was introduced in October 2014, gained widespread coverage in the UK for its promise to match the discounters, Aldi and Lidl, on price or refund the difference in the form of points, with vouchers being issued once enough points have been accumulated. While the other major supermarkets in the UK have their own price promise schemes, none have been brave enough… Read more

Sorry for any inconvenience caused? Morrisons expected to sell off its M local convenience stores

MarketLine

Morrisons, Britain’s fourth-largest grocer, is in advanced talks to sell its convenience stores to investment firm Greybull Capital as new chief executive David Potts seeks to focus the business on its traditional supermarket estate. Greybull was working with a team of industry executives to take over about 150 stores that trade as M local and generate annual sales of about GBP 300m (approximately $494m). The convenience sector has become a primary focus for many UK retailers reeling from the discounter industry disruption, which has seen Aldi and Lidl wrestle market… Read more