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. ...
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. It was in February 2004 the company went national by opening a store in Scotland. Morrisons became the fourth largest retailer in the UK in March 2006 by opening UK’s first BioEthanol E85 filling pumps. The company has 700 tractors and 1700 trailers distributing to the stores across the country and it is now the largest supplier of apprenticeships in the United Kingdom. The following are deemed to be the four important reasons why they occupy a unique position in the grocery market: 1. Quality: They ensure control quality by owning their own production facilities. 2. Insight: They know what they are buying and where it comes from. 3. Value: They buy direct and pass savings on to the customer. 4. Flexibility: They get their food in store faster and react to the market more quickly. (Morrisons, 2011a) The company’s overall turnover is 17,663, 000 GBP, net income is 690,000 GBP, total assets is worth 9,859,000 GBP and the number of employees is 131,207, number of recorded shareholders is 86
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…
e of advanced and modern tools of IT. The reasons for the use of IT in the retail companies majorly comprises of aggregating and analysing the customer data for the enhancement of differentiation as well as to increase the ability of the companies so that it can respond rapidly with the changing market place environment through improved flexibility and speed.
The company has a diverse clientele of more than 50 major customers. Morrison is a proud manager of more than 500,000 homes and local authority buildings along with facility services to more than 500 schools. Additional services encompass call centre management and tenant linkage.
The retail store also provides online services through its subsidiary Tesco.com (Data Monitor, 2004). It is the largest in the UK and operates under four banners: Extra, superstore, Metro and Express. The retail store began as a food store but has since diversified into other areas as clothing and non-food products.
Company Analysis of the Financial Performance of White bread Plc Whitbread Plc is one of the premier organizations engaged in the hospitality business across the world. The company owns a number of businesses such as hotels, restaurants, coffee shops, bars, pubs and so on.
It has set its head quarters in Reading after the company came in the picture in 1996. The company currently operates in the 25 nations across the globe. The major business includes Liquefied Natural Gas (LNG). The company is the leading LNG supplier in the United States.
Tesco is well known of being the most successful operator in retail groceries and merchandise in the UK. It is rated as the third largest retailer in the world. Tesco also owns fourteen stores with a wide variety. The main reason for the success of Tesco is the various products they deal in, popular products and the brand preferences.
This report shall carry out a financial analysis and equity valuation of Burberry Group Plc using information from its financial statements for the four-year period ended on 31st March 2012. The researcher analyzes the importance of income statement vis-à-vis that of the balance sheet as the primary financial statement from the perspective of an equity investor.
Global recession during 2007 to 2009 has substantial impact on the overall retail industry across the world. The external environment determines the outlook of industry and hence it is very important to analyze the external environment in order to formulate appropriate strategy for the organization.
This report consists of brief summary of strategic planning process adopted by the organization with emphasis on the environmental analysis. One of the primary requirement of any strategic planning process is a detailed environmental analysis of business environment (Farjoun, 2002).
l position primarily rely on financial ratios of which the most critical ratios that give a best opinion on the company’s financial health include liquidity ratios and profitability ratios as well as performance at the stock exchange. Therefore, the decision as to whether to
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