US EditionMorrisons to shut 52 cafes and 17 stores
- Morrisons plans to close 52 in-store cafés and 17 convenience stores across the UK, along with several florists, meat and fish counters, and pharmacies.
- These closures will put 365 jobs at risk, but the majority of affected workers may be moved into other roles.
- Mr. Baitieh stated that the changes are necessary to renew and reinvigorate Morrisons for growth.
- Morrisons identified costs of operations as significantly out of line with customer value, prompting these closures over the next few months.
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Wm Morrison Supermarkets (OTCMKTS:MRWSY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?
Wm Morrison Supermarkets PLC (OTCMKTS:MRWSY – Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.24 and traded as high as $19.24. Wm Morrison Supermarkets shares last traded at $19.24, with a volume of 4,000 shares changing hands. Wm Morrison Supermarkets Stock Performance The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.24 a…
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