26-06-2024 11:36 via retailgazette.co.uk

Morrisons eyes 400 new convenience shops to compete with Aldi and Lidl

Morrisons is set to open 400 more Morrisons Daily shops in a bid to take on rivals Aldi and Lidl as it pushes ahead with its convenience growth plans.
The retailer is eyeing a total of 2,000 smaller stores in 2025, the Mirror reported.
The news comes as the supermarket delivered “solid quarter of progress” with like-for-likes excluding fuel and VAT up 4.1% in its second quarter as it cut down debt by 35% on peak levels, bringing it down from a peak of £6.2bn to £4bn.
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