Blog: Will 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.
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- ABF on Brexit, M&A and grocery - interview
- Can manufacturers revitalise shopper experience?
- Nestle unveils process to cut sugar by 40%
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund