Morrisons has announced plans to close several of its underperforming stores, including the one located on Market Street in Ulverston. This decision comes after a recent review revealed that these stores, acquired through the purchase of McColl’s in 2022, have been operating at a loss despite efforts to enhance their performance.
A spokesperson for Morrisons stated that the performance of all company-owned stores is continuously reviewed. The review identified various stores from the McColl’s acquisition that have struggled financially for several years. As a result, the company is proposing to close these stores over the next few months.
Impact on Employees
The proposed closures will put some convenience store employees at risk of redundancy. Morrisons has expressed its understanding of the difficulties this news brings and plans to support affected colleagues. This support will include assistance in finding other opportunities within the company, such as in supermarkets, logistics, and manufacturing operations.
Customer Considerations
Morrisons has assured customers that it will work to mitigate the impact of these closures. The company plans to continue serving customers through nearby stores and its online platform. This approach aims to ensure that customers still have access to the products they need despite the closures.
Future of Morrisons Convenience Stores
Despite the proposed store closures, Morrisons remains committed to expanding its convenience business. The company has a strong growth strategy in place, with approximately 1,700 convenience stores currently operating. In the previous year, Morrisons opened over 120 new franchise stores and has plans for further expansion in 2026.
Conclusion
The decision to close stores is a difficult one for Morrisons, but it reflects the company’s ongoing efforts to streamline operations and focus on profitable locations. The Ulverston store’s closure is part of a broader strategy aimed at ensuring the long-term viability of Morrisons’ convenience business.
