A contextualised analysis of MORRISON (WM) SUPERMARKETS PLC

A contextualised analysis of MORRISON (WM) SUPERMARKETS PLC Coursework example
High school
Coursework
Finance & Accounting
Pages 17 (4267 words)
Download 0
he food retailing market in the United Kingdom is very competitive. Food retailers have expanded their business activities in many ways. The total grocery market has grown from £93.3 billion in 1998 to £146.3 billion in 2008…

Introduction

In the United Kingdom there are a total of 92,796 grocery stores which are broadly classified into the following four categories namely Convenience stores, Traditional retail, Hypermarkets, Supermarkets and Superstore and Online Channel. Among these, hypermarkets, supermarkets and superstores are the largest in the UK (Li, 2008). Morrison WM Supermarkets PLC, a publicly traded company, is a supermarket chain which offers a wide range of goods including branded ones and its own labelled products. They are the fourth largest food retailer in the United Kingdom by sales with 439 stores across Britain and an annual turnover of £16 billion. The main speciality of this chain of supermarkets is its high quality fresh food at great prices. Morrison WM Supermarkets PLC was founded in 1899 by William Morrison. The company has developed from a single egg and butter stall in Bradford and has turned into one of the best food retailers in the United Kingdom. Starting from a small stall in Bradford in 1899, a new produce depot was opened in 1976. The company took over Whelan Discount Stores and started operating in Lancashire for the first time in 1978. The first Morrisons distribution centre was opened in 1988 followed by the opening of second distribution centre in 1997. ...
Download paper
Not exactly what you need?

Related papers

financial analysis of Sainsbury plc and Tesco Plc
The paper will highlight the Key features and the current strategies directed by the companies followed by the Calculation of financial ratios for each company, and Compare with earlier years, that allow to judge the financial performance and position for the company, and to interpret if the company's assessment of its own performance as shown in the Financial Highlights and Chairman's Statement a…
FINANCIAL RATIO ANALYSIS OF TESCO PLC
In UK, Tesco is the largest retailer and in UK, it serves about 66% of the retailer market and occupies about 33% of the selling space. Jack marketed his own brand tea as Tesco tea as early as 1924 and he opened the first Tesco store in North London in 1929. The first ever modern food warehouse was established in UK by Jack Cohen in 1934. Jack expanded his business by buying stores in London…
Company Analysis: Wm Morrison Supermarkets Plc
In addition to these, Morrison is also involved in managing local authority and associate body’s capital spending programmes such as kitchen and bathroom replacement. Auditor’s report: To Auditor’s report are given by a group of auditors who are independent and possess authority to examine the company’s assets and earnings in which ever manner possible. Auditors report presents an opinion…
Tesco Plc Financial Analysis
Furthermore, Tesco operate online sales of product which has seen them expand internationally and get customers all over the world. There are reasons as to why Tesco is customers’ favorite store in the UK. Tesco have got a well analyzed capital structure which supports the growth of business plan with consideration of their expertise in the financial system and cash management. Tesco also has a…
Financial Analysis of Burberry Group Plc
Customers can reach Burberry products through its diversified distribution network of retail, wholesale, digital and licensing channels operated in the United Kingdom and across the world. In year 2012, Burberry was ranked the 82nd best global brand in the world with regards to its high operating value and such ranking has been improved for the past few years (Bloomberg, 2012). Therefore, it is…
Investing in Equities Case of Morrison Supermarkets Plc
The organization was selected due to its recent trend in performance, operations, and positioning within the industry. Tables 1, 2 and 3 in the Appendices show the operations, performance, and market positioning of Morrison Supermarket Plc. In terms of the performances, Morrison has provided a positive indicate especially in respect to the market capitalization as well as the volume of shares…
Contextualised analysis of Associated British Foods PLC
For the purpose of operational capability of the company, its corporate strategy has been analyzed in addition to the competitive environment and other risks to which it is being exposed. The paper presents the financial evaluation of the company and for this particular purpose, the most effective tool of ratio analysis has been utilized. The financial ratios are usually divided into various sub…