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
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Morrisons acquires six HMV stores

Morrisons has purchased six HMV stores from the entertainment retailer’s administrators. The supermarket will convert the outlets into Morrisons M local stores as it accelerates the expansion of its convenience chain.

GENERAL MERCHANDISE

Morrisons acquires six HMV stores

Earlier this month, Morrisons acquired 49 Blockbuster stores and seven former Jessops to convert into M Local stores. The new stores, which are mainly in London and the South East, are expected to open in the summer.

Morrisons said the acquisitions mean that it looks set to exceed its target of operating 70 convenience stores by the end of 2013. The supermarket currently operates 13 convenience stores across the UK.

Gordon Mowat, managing director of Morrisons Convenience said: "We have either opened or acquired 70 stores just one month into our financial year so we are pleased that we will exceed our 2013 target. Our focus is now on opening these stores as soon as we can as well as pushing on to secure even more sites." 

Morrisons is also offering its staff a £500 finder’s fee if they find convenience properties for Morrisons that are subsequently opened.


 

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing