In the News
WM Morrisons - An Inconvenient Truth
9th September 2015
It's all over for WM Morrisons' attempt to succeed in the UK convenience store market.
Morrisons have sold their loss-making portfolio of 140 stores to a venture-capital funded management buy-in led by retail entrepreneur Mike Greene.
The shops will be rebranded as "My Local" with 2,300 staff retained by the new owners.
Morrisons' decision is part of its strategy of refocusing the business on the core grocery supermarket segment - where it has also struggled against stiff competition from discount retailers Aldi and Lidl.
The firm's new CEO David Potts (ex Tesco) took over in early 2015. Potts' first strategic decision was to close 23 under-performing stores and to call an immediate halt to any further convenience store openings.
Jim Riley
Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.
You might also like
How did Aldi crack Tesco’s hold on the market?
22nd July 2014
Are Supermarket Economies of Scale Beginning to Fade?
27th March 2013
Watch out Ocado (and the Rest) – Here Comes Amazon Fresh
11th August 2015
Supermarket E-Commerce: Watch Out – Here Comes Aldi!
28th September 2015
It's Beginning to Look a Lot Like Aldi
23rd November 2012
Supermarkets to “demand” loyalty from their loyalty card holders!
17th January 2015
Retailing
Study Notes
Battle of the Supermarkets
15th April 2015