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Morrisons, the British supermarket chain, is planning to close 100 of its convenience stores over the coming months. The planned closures affect its Morrisons Daily format, putting hundreds of employee roles at risk across the UK.
According to the company, the affected stores had been loss-making for a considerable period. The properties were originally acquired in 2022 as part of a £190 million ($237.50 million) rescue deal for the McColl’s retail chain. Morrisons stated that the trading performance of these sites had been challenged for several years despite operational turnaround efforts.
The supermarket chain attributed the worsening financial situation directly to government policy choices that it claimed have caused significant cost increases. These legislative factors include rises to the national living wage and higher employer National Insurance contributions.
Despite the upcoming store closures, the retailer noted that it maintains a robust expansion plan for 2026. The business currently operates approximately 1,700 Morrisons Daily stores and intends to open hundreds of additional franchise locations over the coming years.
Source: Retail Gazette
