Morrisons plans to open hundreds more convenience stores by next year, its chief executive has revealed.
The Yorkshire-based supermarket giant currently has more than 1,600 Morrisons Daily stores around the country and in a new trading update, CEO Rami Baitiéh said it now hopes to increase this figure to 2,000 by 2025.
The Morrisons Daily brand was launched in 2015 shortly after the sale of its M Local range of shops. In 2022, it took over collapsed retailer McColl’s as part of the expansion of its convenience store offer and earlier this year acquired 38 such shops in the Channel Islands from SandpiperCI.
Mr Baitiéh said: “Convenience remains an important and strongly growing channel for us.
"With the McColl’s conversion programme now complete and the recent acquisition of 38 stores in the Channel Islands, we have over 1,600 Morrisons Daily convenience stores across the country, about two thirds of which are wholly owned. With this strong growth trajectory we are now targeting a total of 2,000 convenience stores in 2025.”
The Yorkshire-based supermarket giant currently has more than 1,600 Morrisons Daily stores around the country and in a new trading update, CEO Rami Baitiéh said it now hopes to increase this figure to 2,000 by 2025.
The Morrisons Daily brand was launched in 2015 shortly after the sale of its M Local range of shops. In 2022, it took over collapsed retailer McColl’s as part of the expansion of its convenience store offer and earlier this year acquired 38 such shops in the Channel Islands from SandpiperCI.
Mr Baitiéh said: “Convenience remains an important and strongly growing channel for us.
"With the McColl’s conversion programme now complete and the recent acquisition of 38 stores in the Channel Islands, we have over 1,600 Morrisons Daily convenience stores across the country, about two thirds of which are wholly owned. With this strong growth trajectory we are now targeting a total of 2,000 convenience stores in 2025.”
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NewsTranscript
00:00Hi, Chris Byrne here, Yorkshire Post Business and Features Editor.
00:07There's been a trading update from Morrisons today, a very positive trading update, noting
00:12that sales have gone up 4.1% in the last quarter, the second quarter of the year for them, which
00:18is January to April basically.
00:21There's also a significant update from them about their plans for more convenience stores
00:26across the country.
00:28Morrisons Daily, which is their convenience store brand, was introduced in 2015 and they've
00:32been gradually expanding since then, taking over the McColl's range of shops and buying
00:37some new shops in the Channel Islands in recent months too.
00:42That's meant they're now up to 1,600 convenience stores across the country.
00:46The company has now announced they want to get to 2,000 by 2025, so 400-ish more shops
00:53on the way on local high streets around the country.
00:57It all ties in with the 125th anniversary of Morrisons, which they're celebrating across
01:02the course of this year.