Morrison(Wm.)Supermarkets PLC Online update (4912Y)
May 09 2019 - 1:01AM
UK Regulatory
TIDMMRW
RNS Number : 4912Y
Morrison(Wm.)Supermarkets PLC
09 May 2019
News Release
Release date: 9 May 2019
Online update
Online partners Morrisons and Ocado have agreed that Ocado will
have sole use of the new Erith customer fulfilment centre (CFC)
until January 2021. This enables extra capacity for Ocado following
the recent fire at the new Andover CFC.
Morrisons will return to the Erith CFC in February 2021, at the
pre-agreed proportion of Erith's capacity. During the intervening
period, Morrisons will not incur either the start-up or running
costs of the new Erith CFC. On Morrisons return in 2021, the CFC is
expected to be operating at a higher capacity, and Morrisons will
then be able to ramp-up its online offer more quickly and cost
effectively.
During 2019 and 2020, Morrisons.com will still be able to grow
for customers, both by accelerating new store pick capacity and
through the Dordon CFC.
In addition, both companies have agreed that Ocado will no
longer be Morrisons exclusive digital partner, thereby potentially
enabling other significant opportunities, more strategic
flexibility, and more profitable growth for Morrisons. Certain
exclusivity provisions for Ocado will also be relaxed.
David Potts, Chief Executive, said:
"We are pleased to be helping our partner in times of need after
the recent fire. We will keep growing Morrisons.com for our
customers and save some cost, returning to the Erith CFC when it is
more mature.
"Our new agreement allows us to have more than one digital
partner, and opens the way for significant potential opportunities
and partnerships in this important growth area for Morrisons."
- ENDS -
Enquiries:
Wm Morrison Supermarkets plc
Trevor Strain - Group Chief Finance and Commercial
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
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END
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