THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Morrisons acquires 49 Blockbuster stores

Morrisons has bought 49 of the failed Blockbuster DVD rental stores from the administrators for an undisclosed sum.

GENERAL MERCHANDISE

Morrisons acquires 49 Blockbuster stores

Morrisons has bought 49 of the failed Blockbuster DVD rental stores from the administrators for an undisclosed sum.

The supermarket will convert the stores into small M-Local convenience shops which it hopes will be open by the end of the summer.  Morrisons said that the move will create around 1,000 jobs.

Earlier this month, Morrisons acquired seven stores from the collapsed camera chain Jessops which will also be converted into M-Local shops.

The supermarket plans to open 70 convenience stores by the end of the year as it looks to catch up with its rivals in the convenience sector. Many of the Blockbuster stores that it has bought are situated in the South East, an area where Morrisons is keen to expand.    

Gordon Mowat, managing director of Morrisons Convenience, said: "We are rolling out the Morrisons M local estate at pace this year and these acquisitions give us a kickstart in securing a solid foothold in this key sector.

"The convenience market is growing as more people shop locally and we want to be in a position to take advantage of this." 

Blockbuster, which operated 600 stores in the UK, collapsed into administration last month after struggling against competition from online retailers.  












 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy