Morrisons is planning to shut 100 lossmaking convenience stores as the supermarket faces cost pressures it says have been worsened by “Government policy”, reports say.The shops earmarked for closure have been unprofitable for years, according to the Financial Times.The stores it plans to close and how many staff may be impacted were not specified.The particular Government policy choices were also not detailed, but it comes at a time when many retailers have faced rising business costs including higher minimum wages and last year’s national insurance rate hike.Morrisons could not immediately be reached for comment.Morrisons has around 1,700 convenience shops as well as about 500 supermarkets, and employs some 95,000 staff.Last month, Morrisons told staff it was launching a consultation over job cuts at its head office in Bradford, impacting less than 10% of jobs at the site.The retailer has also recently shut some of its cafes, convenience stores, florists and fresh food counters as part of a shake-up which led to the loss of hundreds of jobs.
Morrisons ‘to shut 100 lossmaking convenience shops’
The shops earmarked for closure have been unprofitable for years, according to reports in the Financial Times.










