Morrisons has announced the closure of 103 stores, including cafes, florists, and pharmacies, as part of a major restructuring. The supermarket chain has already shut 17 Morrisons Daily convenience stores, with more closures planned across the year.
Among the closures are over 50 cafes, 13 florists, four pharmacies, and all 18 Market Kitchens. Additionally, 35 meat counters and 35 fish counters are expected to permanently close. The company stated that a wide-ranging review found these services were not cost-effective.
Chief Executive Rami Baitiéh acknowledged the disruption, saying, “Although these changes are relatively small in the context of the overall scale of the Morrisons business, we do not take lightly the disruption and uncertainty they will cause to some of our colleagues.” He added that in some stores, the company plans to work with third parties to provide specialist offers.
Morrisons reported a pre-tax profit of £2.1 billion for the year ending October 27, 2024, its first annual profit since being taken over by US private equity firm Clayton, Dubilier & Rice in 2021.
