New bosses keep ringing the changes at Morrisons
MORRISONS is reported to be in talks to sell its convenience store estate.
If the sale takes place, it would mark another significant reversal from the policies pursued by the former CEO, Dalton Philips.
The new CEO, David Potts, has scrapped many of the initiatives implemented by Mr Philips, as he aims to take the business back to its core values.
Since he took over, Mr Potts has implemented sweeping changes in a bid to transform Bradford-based Morrisons’ fortunes.
These moves have included job cuts and a renewed focus on customer service. Here’s more about those changes.
Crucially, the strategies pursued by Mr Potts have won the approval of Sir Ken Morrison, who urged shareholders to be patient at the recent AGM. Here’s a video report on that AGM.
Many Morrisons’ shoppers have welcomed the changes, and Mr Potts will be hoping it also leads to higher profits and boosts the company’s share price.