Supermarket chain Morrisons announced that it might consider closing more stores in Merseyside, North England in the weeks to come. The most recent news comes on top of the closure of 11 stores reported last September. Morrisons presently owns and operates around 10 stores in the locale incorporating two in St Helens and others at Speke, Belle Vale, West Kirby, New Brighton and Maghull, among others. Apart from this in West Lancashire there is a Morrisons store in Ormskirk and in Cheshire there is one in Widnes. These stores survived unscathed last time round. Publicizing the need for more cessations, Morrisons have yet to affirm where the hatchet will fall.
The news came as Morrisons gave its city investors an upgrade about Christmas trading. In an trading statement covering the nine weeks to January 3, the organization said: ” We remain committed to optimising our assets and addressing areas of underperformance to improve returns and we are today announcing that we are entering into consultation to close a further seven supermarkets.”
The organization has effectively cut 800 head office staff and sold its chain of 140 smaller convenience stores M Local as a major aspect of a cost-slicing arrangement intended to restore the group’s gainfulness. The announcement included: ” In the nine weeks to January 3, like-for-like sales excluding fuel were up 0.2% (down 0.6% including fuel) and total sales excluding fuel were down 1.2% (down 1.7% including fuel)”
Morrisons CEO David Potts said that they were satisfied with enhanced trading performance over the Christmas period. While there is clearly more to do, the company was indeed making vital ground in improving all aspects of the shopping trip, and the shoppers were satisfied with the progressions, he included.