Morrison(Wm.)Supermarkets PLC Two New Initiatives In The Convenience Market (8085P)
November 22 2016 - 3:00AM
UK Regulatory
TIDMMRW
RNS Number : 8085P
Morrison(Wm.)Supermarkets PLC
22 November 2016
News Release
Release date: 22 November 2016
TWO NEW MORRISONS INITIATIVES IN THE CONVENIENCE MARKET
Morrisons Daily convenience stores to open in ten Rontec petrol
stations, with logistics services to be provided by Palmer &
Harvey
Safeway brand to be revived as a range for wholesale to
independent retailers
Morrisons is pleased to announce it is to pilot a convenience
food offer in ten petrol station shops owned and managed by leading
forecourt operator, Rontec.
Four Morrisons Daily shops will open before Christmas and a
further six in January. They will be up to 3,000 sq ft in size, and
will sell branded and Morrisons own brand products.
Morrisons Daily shops will be supplied by Morrisons via
delivered wholesaler specialist, Palmer & Harvey.
Morrisons is already trialling a convenience offer with another
forecourt operator, Motor Fuel Group.
In addition, Morrisons is pleased to announce it is developing a
range of hundreds of convenience products for wholesale to
independent retailers, branded Safeway. The range will be available
from early next year.
The UK convenience market is very broad and diverse, with around
three-quarters held by independents. The re-introduction of the
Safeway brand will enable Morrisons to leverage its sourcing and
unique food maker skills to give independent retailers' customers
access to great quality products.
David Potts, Chief Executive of Morrisons, said:
"These are two capital light ways of growing in the convenience
food market. By working with well-established partners and reviving
the Safeway brand, we are making our products more accessible to
more customers."
Gerald Ronson CBE, Chairman and Chief Executive of Rontec,
said:
"We are constantly looking for ways in which we can improve the
service and product range we offer to our customers and are pleased
to be working together with Morrisons on this pilot."
Chris Etherington, Executive Deputy Chairman of Palmer &
Harvey, said:
"We are very excited by the opportunity to work with Morrisons
to develop Morrisons Daily with Rontec. Palmer & Harvey have
worked with the Rontec team for over 40 years and we are very much
looking forward to building a long, successful relationship with
Morrisons."
- ENDS-
Enquiries:
Trevor Strain - Chief Financial Officer 0845 611 5000
Andrew Kasoulis - Investor Relations
Director 0778 534 3515
Media Relations
Wm Morrison Supermarkets
plc: Julian Bailey 0796 906 1092
Citigate Dewe Rogerson: Simon Rigby 0207 282 2847
Kevin Smith 0207 282 1054
This information is provided by RNS
The company news service from the London Stock Exchange
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