BBC News | Morrisons planning to close 100 stores in next few months

AI generated summary, Read the full article for complete information.

Morrisons announced it will close around 100 under‑performing convenience stores over the coming months, citing prolonged losses on sites acquired through its 2022 McColl’s takeover and “significant cost increases resulting from government policy choices.” The retailer said the closures, part of a broader restructuring that already saw 52 cafés and 17 convenience stores shut last year, could put additional staff at risk of redundancy, with consultations to follow. While it did not disclose exact job numbers, Morrisons highlighted a “robust expansion plan” for 2026 that includes opening hundreds of new franchise stores, even as the sector grapples with higher employer National Insurance contributions, rising minimum wages, and new recycling fees that have heightened overall cost pressures.

Read more: https://www.bbc.com/news/articles/c3623ny298xo?at_medium=RSS&at_campaign=rss

#Morrisons #McColls #UKgovernment #ERP #Bradford #JustinKing

Marks and Spencer issues response to essential items price cap

https://fed.brid.gy/r/https://www.mirror.co.uk/news/uk-news/marks-and-spencer-price-cap-37185058