{"id":599334,"date":"2026-05-23T06:09:18","date_gmt":"2026-05-23T06:09:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/599334\/"},"modified":"2026-05-23T06:09:18","modified_gmt":"2026-05-23T06:09:18","slug":"morrisons-to-shut-100-loss-making-stores-blaming-surge-in-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/599334\/","title":{"rendered":"Morrisons to shut 100 &#8216;loss-making&#8217; stores blaming surge in costs"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">Morrisons says it is to shut &#8220;loss-making&#8221; convenience stores, placing hundreds of jobs at risk.<\/p>\n<p class=\"yf-1fy9kyt\">It is understood just over 100 Morrisons Daily sites will go under the plans. The company said they had been struggling for years.<\/p>\n<p class=\"yf-1fy9kyt\">Its statement blamed &#8220;significant cost increases resulting from Government policy choices&#8221; for tipping them over the edge.<\/p>\n<p class=\"yf-1fy9kyt\">Morrisons said Labour&#8217;s budget choices had made efforts to return the stores to profitability &#8220;even more difficult&#8221;.<\/p>\n<p class=\"yf-1fy9kyt\">Money latest: <a href=\"https:\/\/news.sky.com\/story\/money-live-consumer-personal-finance-tips-sky-news-latest-13040934\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:British beer brand sold to Spanish rival;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;British beer brand sold to Spanish rival&quot;}\" class=\"link \">British beer brand sold to Spanish rival<\/a><\/p>\n<p class=\"yf-1fy9kyt\">The supermarket chain has around 1,700 convenience stores and employs around 95,000 staff. In recent times, it has moved to grow a franchise model that is still expanding.<\/p>\n<p class=\"yf-1fy9kyt\">Bosses said a consultation with the staff affected has begun, and workers would be provided with the &#8220;necessary support&#8221; and be offered roles in the wider business, where able.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;The performance of all company-owned stores across our Convenience business is subject to continuous review,&#8221; the statement said.<\/p>\n<p class=\"yf-1fy9kyt\">&#8220;This process has identified a number of stores, which were part of the McColl&#8217;s acquisition, whose performance has been challenged for a number of years and which are loss making, despite remedial action.&#8221;<\/p>\n<p class=\"yf-1fy9kyt\">Rising policy costs, such as through the minimum wage and employer national insurance contributions, have been widely criticised by the grocery sector.<\/p>\n<p class=\"yf-1fy9kyt\">It is under pressure from the government to cut prices to help struggling families amid renewed cost of living pressures caused by the war in the Middle East.<\/p>\n<p class=\"yf-1fy9kyt\">Read more from Sky News:<br \/><a href=\"https:\/\/news.sky.com\/story\/fuel-sales-collapse-as-iran-war-costs-knock-savings-13546889\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Fuel sales collapse as Iran war costs knock savings;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Fuel sales collapse as Iran war costs knock savings&quot;}\" class=\"link \">Fuel sales collapse as Iran war costs knock savings<\/a><\/p>\n<p class=\"yf-1fy9kyt\">The industry baulked at suggestions of price caps for essentials this week before the chancellor revealed suspensions of some food tariffs and ordered supermarket bosses to pass the cuts on.<\/p>\n<p class=\"yf-1fy9kyt\">The announcement by Morrisons marked the third round of job losses at the chain this year.<\/p>\n<p class=\"yf-1fy9kyt\">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.<\/p>\n<p class=\"yf-1fy9kyt\">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.<\/p>\n","protected":false},"excerpt":{"rendered":"Morrisons says it is to shut &#8220;loss-making&#8221; convenience stores, placing hundreds of jobs at risk. It is understood&hellip;\n","protected":false},"author":2,"featured_media":599335,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,71721,59,727,56,54,55],"class_list":["post-599334","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-convenience-stores","tag-gb","tag-morrisons","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/599334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=599334"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/599334\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/599335"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=599334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=599334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=599334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}