Blog: Petah MarianWill Morrisons' new CEO ring the changes?

Petah Marian | 7 September 2010

With Morrisons new boss Dalton Philips set to give his first presentation in the role alongside the retailer's H1 results on Thursday, there have been murmurings that the retailer will announce a move into online retail.

The Sun reported on Friday (3 September) that the retailer is planning to announce a move into the channel, saying that Philips is considering a click-and-collect model.

However, RBS analyst Justin Scarborough said: "We believe anyone expecting a strategic shift from Morrisons at this stage is likely to be disappointed."

"After less than six months at the helm we expect his focus to be on opportunities and enhancements that can be leveraged from the existing business model," he added.

However, that is not to say that online grocery, non-food, international expansion and new formats will not be in the offing at some point in the future, but Scarborough suggests this is likely to be "saved for another day".

With the company previously saying it will reveal a balance sheet review in March, Scarborough believes a "clearer view of the business strategy is forthcoming."

Regardless of whether a move into the online channel is announced, industry watchers will be looking forward to hearing Philip's vision for the UK's fourth largest retailer.

 


BLOG

just-food back up and running

To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....

BLOG

Storm Doris causes power outage at just-food

Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....

BLOG

Fyffes to face Ethical Trading Initiative disciplinary committee

A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...

BLOG

Could 3G Capital's next move be in foodservice?

Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...

just-food homepage



Forgot your password?