3000 (26)

Morrisons plans to open around 400 more of its Daily format stores, targeting a total of 2000 locations in 2025.

The move follows a 4.1% increase in like-for-like sales, excluding fuel and VAT, over the three months leading to 28 April 2024.

With McColl’s conversion programme now complete and the recent acquisition of 38 stores in the Channel Islands, there are now over 1,600 Morrisons Dailys across the country, about two-thirds of which are wholly owned.

“Convenience remains an important and strongly growing channel for us. With this strong growth trajectory we are now targeting a total of 2,000 convenience stores in 2025,” Rami Baitiéh chief executive officer revealed.

This summer the grocer is celebrating its 125 anniversary since Sir Ken Morrison’s father established the very first Morrisons store.

Baitiéh added: “This important milestone is a great platform to remind customers of the timeless values that Sir Ken built into the company and how our Market Street counters and our 18 food making factories set Morrisons apart. Embracing, preserving and enhancing his legacy is the foundation for building the Morrisons of the future.”

Jo Goff chief financial officer explained that the grocer has seen another solid quarter of progress with sales and volume improvements right across the business: “Our debt has now reduced by over a third and we made further progress on our cost savings programme with £78m delivered in the quarter, taking the total since the start of this year to just over £450m, in line with our £700 million three year target.”