THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Department Stores
Electricals & Technology
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
People Matter
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Subscribe for free
Terms and Policies
Privacy Policy

Morrisons News

Morrisons posts drop in full year profit

Morrisons has posted a drop in full year pre-tax profit although its EBITDA came in at the top end of guidance given in its third quarter…. View Article

Morrisons Company Profile

Morrisons is the UK’s fourth largest supermarket chain with millions of loyal customers passing through its doors each week.

The company aims to offer competitive, permanently low prices and is committed to saving its customers money.

Morrisons is a historic British brand, dating back to 1899 when egg and butter merchant William Morrison set up the business by opening a stall in Bradford Market. The first Morrisons supermarket opened in the city’s Girlington district in 1961. It is proud of its Yorkshire heritage its head office remains near Bradford to this day.

The company states that its core purpose is to make and provide food that it is proud of, which also enables more people to enjoy eating well. It processes half of its fresh food in its own manufacturing facilities, which allows for close control over provenance and quality.

When the company went public in 1967, the share offer was 174 times oversubscribed with more than 80,000 investors trying to purchase shares. This eventually led it to joining the FTSE 100 in April 2001.

The acquisition of Safeway in 2004 was a major milestone for the brand and helped accelerate growth. Another big deal was a partnership with Amazon to allow for wholesaler supply in 2016.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here


Click it item to scroll to that section
Subscribe For Retail News