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Morrisons convenience store division set for launch

Morrisons, the UK’s fourth-largest supermarket group, is set to open its first convenience store tomorrow in the Yorkshire town of Ilkley.The new ‘M local’-branded outlet is the first of three that will trial the Bradford-based retailer’s convenience store format,...

Asda sales hit by rival discount store chains

New market share figures show supermarket group Asda on the back foot as the UK food market polarises with discount chains Aldi and Lidl and upmarket grocer Waitrose sprinting ahead of the pack.Asda was the biggest loser from the...

Morrisons to give own brand range biggest ever makeover

MORRISONS is to embark on a major relaunch of its multi-billion pound own label range and has poached Arla Foods’ top marketer to spearhead the campaign.Danny Micklethwaite has left Leeds-based dairy group Arla to take on the newly created...

Marks & Spencer reveals 13 per cent profit rise and store revamp

High street bellwether Marks & Spencer narrowly beat City expectations on Tuesday by declaring a 13 per cent increase in profits in its last financial year.The retailer also gave an update on its revamped store design, a result, it...

Ex-Asda chief Leighton takes top job at Peacocks

Retail veteran Allan Leighton has added another high street name to his long CV by taking over as chairman of budget fashion retailer Peacocks.The former Asda chief executive, who has held non-executive positions at a string of British companies...

Discount retail back in fashion as consumers adjust to austere times

Despite a dreadful start to the year for the high street, consumers are spending strongly again in one part of the retail sector, with Britain's discount grocers and Primark, the value fashion chain, welcoming ever more bargain hunters in...

Supermarket rivals line up for Iceland sale

Some of Britain’s biggest retailers are preparing to look over Iceland Foods, if the sale of a majority stake in the frozen food retailer triggers an auction for the entire value supermarket chain. Wm Morrison is expected to be...

Morrisons acquires stake in FreshDirect

Leading US online grocer Morrisons has acquired around 10 per cent stake in FreshDirect, the leading profitable online grocer in the US, for £32 mn ($50 mn). FreshDirect will receive a minority economic interest in Morrisons' planned London online...

Morrisons commits to unlocking female talent

UK's supermarket major Morrisons has recently announced a commitment to identify future female business leaders and a target to more than double the number of its female senior managers by 2014.Morrisons is setting a target of reaching 30 per...

Morrisons to train 12,000 apprentices

UK's supermarket major Morrisons has announced that it will train more than 12,000 apprentices in 2011, making it the largest provider of apprenticeships in the UK.With 30 percent of senior management having originally started working for Morrisons without a...
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