Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
At the start of the year a Morrisons’ (MRW) share was worth about 270p, whereas today you can own a stake in the UK’s fourth largest supermarket chain at a share price in the 170s. So much for supermarkets being defensive businesses, but is there any hope for this chain?
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Comments
wildrides
I shop in there for reasons of geography and lack of competition ( better )
and the answer is NO .
Own brand canned and processed food is cheap but fresh veg , fruit and quality cuts of fresh meat and fish are very very expensive . And this supermarket is in the prime beef and sheep producing area of the UK so there is no excuse . I guess centralised foward buying is their downfall .
My solution is scrap the waste of space nut meg clothing range . There never going to beat ASDA at that game . Enlarge the essential DIY bits section again to the size it was prior
nut meg . Most importantly :- head hunt the fresh meat , fruit , veg and fish buyers from the most successful supermarkets . You dont have to cut prices , just get the buying right. Make em directors if you have to ,but just sweep up the best buyers in the industry and keep doing it . That kicks the competition in the nuts .