UNITED KINGDOM – Morrisons is expanding its presence in the
U.K.’s convenience store market, with expectations to have 300 M stores in
operation by 2015.
“By the end of the year, we will have 100 M locals across
the country. And this rate of expansion — an average of two new shops every
week — will continue into 2014,” said Morrisons CEO Dalton Philips during a
speech on July 11.
Dalton’s comments come on the heels of an A announcement by
Sainsbury's that it too is planning to opening more convenience stores than
supermarkets, reports UK Business Property.
The news source continues that U.K.-based supermarkets Tesco
and J Sainsbury have “massively increased their convenience store estates in
recent years, confident they can pick up market share in a sector dominated by
small and independent operators.”