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Introduction to Accounting - AAS3
Finance & Accounting
Pages 6 (1506 words)
Introduction to Accounting - AAS3 <Student Name> <Name and Section # of course> <Instructor Name> <Date> Morrisons which was founded by William Morrison as a stall for eggs and butter is the 4th largest super market chain of UK at present. It is operating in the market that is worth of ?…
(Morrisons Annual Report, 2012) Moreover, it has 475 stores throughout U.K, while the new CEO, Dalton Phillips has quoted to have said to acquire 100 new stores in London and Southeast. (Morby, 2013) According to their latest annual report, Morrisons employ 131 thousand persons who serve 11 million customers every week. (Morrisons Annual Report, 2012) The current year has brought some positives for the chain of stores in form of two major achievements. Firstly, it has been able to strike a very important deal with Ocado to market its food online, and secondly, it has been able to add 200,000 sq feet of space in only 3 months to cop up with the fierce competition that has prevailed within the industry. (The Guardian, 2013) At present, Morrisons is standing tall due to its good practices in supply chain management, which kept it safe from the latest horsemeat scandal that adversely impacted Tesco. (BBC News, 2013) Today, it is growing at a rapid pace as can be seen by their decision to adopt cash management systems, online food business and the opening of new convenient stores. ...
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