Morrisons names eleven stores to close
Morrisons has revealed the stores it plans to close, a week after announcing ‘disappointing’ sales figures – a 47% drop in half-year pre-tax profit to £126m..
The supermarket giant announced plans for the closures last week as part of an attempt to revitalise the business, but has only now revealed which stores will be close. The retailer said it was also selling 140 loss-making “M” local convenience stores for about £25m.
Local stores at Granton Waterfront and Ferry Road are not affected – the stores to close are all in England. They are: Burnham-on-Sea, Castletown (Sunderland), Clevedon, Little Hulton, Northallerton, Oldbury, Salford, Shildon, Streatham, Tyldesley and West Bromwich.
There was no announcement about the date of the closures, but up to 900 members of staff will lose their jobs.
Chief executive David Potts said he regretted the closure of the stores. “This is a difficult decision, but one which we cannot see any way through to make those stores viable,” he said.
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