Overview
- In late June Morrisons confirmed a programme to close about 100 mainly small Morrisons Daily convenience stores and has publicly named seven sites that will shut.
- The company says the closures target long‑running loss‑making outlets, many inherited from its 2022 McColl’s acquisition, as part of a drive to cut costs and meet a £1 billion savings goal.
- Morrisons attributes the move to higher operating costs driven by recent increases in the National Living Wage and employer National Insurance, which it says worsened margins at small stores.
- Hundreds of jobs are at risk as formal redundancy consultations continue, and Morrisons says it will try to redeploy affected staff into other roles where possible.
- While trimming company‑owned convenience stores, Morrisons is expanding its franchise pipeline, opening new franchised Morrisons Daily sites and planning further franchise growth.