Sad News : Morrisons To Shut 11 Main Stores

[arista]

It will be the ones that are under performing.


http://media.skynews.com/media/images/generated/2014/6/17/317088/default/v1/morrisons-2-736x414.jpg


the CEO was just on SkyBusiness Report
he said many of the workers he may be able to
move to Depot work.


http://news.sky.com/story/1549952/morrisons-to-shut-11-stores-as-profits-plunge


I like Morrisons
as some of their food is Great.


I hope its not your Local Main Store LT

[smudgie]

Supermarkets greed coming to bite them on the backside, Karma.

Shame about the job losses though.

[Kizzy]

It better not be my morrybobs! :fist:

[arista]

It better not be my morrybobs! :fist:


If its doing well then its safe,

[user104658]

A lot of big businesses are switching philosophy in this way. For years there was a big focus on "brand awareness" where they would keep stores that were making an overall loss open just to have a market presence, subsidising them with money from more profitable branches.

In the last couple of years there seems to have been a switch to only keeping stores open if they are profitable or can at least break even and be self-sustaining. Places that make losses are quickly given the chop.

[Kizzy]

I think it's the city centre 'convenience' stores, there are 2 in Leeds as well as a supermarket, rents must be astronomical.

[arista]

Video Interview from last night 4mins
with the CEO Morrisons

http://news.sky.com/video/1550408/morrisons-boss-first-tv-interview