Morrisons, the UK’s fourth-largest supermarket chain, has recently announced plans to open 400 new convenience stores by 2025, aiming to reach a total of 2,000 locations across the country. This expansion follows the completion of the McColl’s conversion programme and the acquisition of 38 convenience stores in the Channel Islands. In the latest quarter, Morrisons reported a 3.7% increase in total sales, reaching £3.8 billion, and a 16% rise in underlying EBITDA for the first half of the financial year, excluding fuel. Additionally, the company introduced an "Aldi and Lidl Price Match" scheme to enhance price competitiveness. (moneylowdown.com)
