Quantcast
  1. Welcome to Bantam Talk

    Why not register for an account?

    Not only can you then get fully involved in the community but you also get fewer ads

  2. Premium Membership now Available


    Please see this thread for more details

    Dismiss Notice

Most liked posts in thread: Morrisons in trouble ... ?

  1. Dennis

    Dennis Captain
    Moderator Supporter

    Joined:
    Apr 8, 2018
    Messages:
    5,998
    Likes Received:
    15,096
    That's what happens when private equity firms take over businesses which employ lots of people. Stage 1 - The company is loaded with debt to repay the new owners for their upfront costs from their purchase. Stage 2 - Employ a new senior management team who are heavily incentivised to reduce the cost base. Stage 3 - Staffing numbers and Ts&Cs are reduced to allow the company to pay its way with higher borrowing costs. Stage 4 - Sweat the assets .. or more usually sell some assets to help manage the debt costs.

    It's nothing new; it's an old playbook!
     
  2. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    17,271
    Likes Received:
    41,046
    Asda is terrible, just a warehouse with no style at all. The 'beige' of supermarkets.
     
  3. Keefly Bantam

    Keefly Bantam Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter P.L. 20/21 Top 20

    Joined:
    Apr 9, 2018
    Messages:
    9,823
    Likes Received:
    12,791
    Haven't shopped in Morrisons for a decade or more. Dull drab interior and staff. Managers always look like they are ready for a fight.

    Asda , Aldi or Sainsbury's for me-much more pleasant experience.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    CRASS, Bantam Begins and Idlebantam like this.
  4. bantam65

    bantam65 Important Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 8, 2018
    Messages:
    8,983
    Likes Received:
    11,029
    Wasn't it the Seven Stars?
     
    Offcomedun, Salty and Kevin1954 like this.
  5. ahar964

    ahar964 Squad Player
    Supporter

    Joined:
    Apr 14, 2018
    Messages:
    4,021
    Likes Received:
    5,713
    Well there might be a story there. In the last year or so I believe Morrisons have consolidated their supplier base and dispensed with many service suppliers in favour of a national agreement with a facilities management company. Probably the highest profile local victim of this was Mittons who went into admin in September after losing the Morrisons contract. I read that as many as 80 suppliers were cut but don't know how true that is. Now there is probably a good argument for reducing the supplier base, but often service will suffer. I suspect the many redundancies may also have some small effect on the local economy.
     
    Jayteebee and Bantamsteve like this.
  6. Kevin1954

    Kevin1954 Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 9, 2018
    Messages:
    17,507
    Likes Received:
    15,022
    Swapped to Sainsbury's in the last 8 months. Morrisons one or two visits a year for us in the last 6 years . Tescos don’t give a feck about customers.
     
    CRASS and Rogered Tart like this.
  7. Storck

    Storck Regular Starter

    Joined:
    Apr 8, 2018
    Messages:
    38,585
    Likes Received:
    29,403
    It has been in trouble for the past decade at least. It missed the boat with home shopping and also convenience stores. They have tried to catch up but never did. Their main problem is the historic unwillingness to change
     
    Wakefield Bantam likes this.
  8. Offcomedun

    Offcomedun Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter Euro2020 Winner Euro 2020 P.L. 20/21 3rd Place

    Joined:
    Jun 18, 2018
    Messages:
    7,158
    Likes Received:
    10,968
    There’s some truth in that, but there’s absolutely no doubt it has gone downhill far more rapidly since the hedge fund vultures took over.

    We’ve been doing our big weekly shop at Morrisons in Guiseley for nearly thirty years. It’s got noticeably worse over the past couple of years. The amount of stuff that is routinely out of stock is shocking. And the prices have rocketed. It’s barely more expensive to shop at Waitrose or M&S these days than Morrisons.
     
    Jayteebee likes this.
  9. Offcomedun

    Offcomedun Important Player
    Qatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant Supporter Euro2020 Winner Euro 2020 P.L. 20/21 3rd Place

    Joined:
    Jun 18, 2018
    Messages:
    7,158
    Likes Received:
    10,968
    https://www.reuters.com/business/retail-consumer/not-just-christmas-britains-ms-targets-more-regular-food-shoppers-2023-12-19/

    M&S working on a plan to take more grocery shopping away from other supermarkets.

    As someone who has routinely shopped at Morrisons in Guiseley for decades, I could easily see me crossing the road to M&S instead, if Morrisons doesn’t up its game soon. Since we buy mostly fresh fruit, veg and fish, rather than prepackaged food, the absence of many major brands at M&S wouldn’t particularly bother me.
     
    Interested Bystander likes this.
  10. Bantam Begins

    Bantam Begins Squad Player

    Joined:
    Aug 21, 2019
    Messages:
    1,421
    Likes Received:
    1,713
    M & S and Aldi all chaos this lunchtime. Morrisons dead in comparison. That company hasn’t got long I’m afraid, real shame but so much better out there. Sainsbury’s cheaper and better for example especially with nectar deals.
     
    Bantamsteve likes this.
  11. Bantam Begins

    Bantam Begins Squad Player

    Joined:
    Aug 21, 2019
    Messages:
    1,421
    Likes Received:
    1,713
    That supermarket has really gone downhill. Went there the other day for the first time in years and couldn’t believe how shoddy it was.
     
    Storck likes this.
  12. Rogered Tart

    Rogered Tart Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant

    Joined:
    Apr 10, 2018
    Messages:
    17,271
    Likes Received:
    41,046
    Haven't shopped at Tescos for a long time despite it being close to home. Shocking quality, high prices and a woeful shopping experience.
     
    Kevin1954 likes this.
  13. CRASS

    CRASS Impact Sub
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Jun 14, 2018
    Messages:
    365
    Likes Received:
    622
    Shopped at Sainsbury's for years, we always feel very looked after, in fact the manager gave us a free box of mince pies at Christmas, it doesn't take much to keep me happy haha

    Not been to the Greengates branch for a long time but I hear it's rough around the edges now
     
    Bantamsteve likes this.
  14. Kevin1954

    Kevin1954 Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 9, 2018
    Messages:
    17,507
    Likes Received:
    15,022
    Call me old fashioned …..I want to see people in jobs so refuse to use self check outs. They pay me for using them . …No . So they can feck off.
    I’d rather Q. Some supermarkets are now taking em out ……brilliant.
     
    Jayteebee likes this.
  15. Kevin1954

    Kevin1954 Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 9, 2018
    Messages:
    17,507
    Likes Received:
    15,022
    Roebuck.
     
    Storck likes this.
  16. SelbyFan

    SelbyFan Impact Sub

    Joined:
    Apr 14, 2018
    Messages:
    943
    Likes Received:
    1,329
    I completely agree.
    Seven Stars yes.
    roebuck yes.
    Sorry but it is sixty years ago.
     
    Kevin1954 likes this.
  17. Storck

    Storck Regular Starter

    Joined:
    Apr 8, 2018
    Messages:
    38,585
    Likes Received:
    29,403
    Think it is Booths that are taking them out of some of their stores due to lack of use, but not sure if they are putting the old tills back in
     
    Kevin1954 likes this.
  18. Kevin1954

    Kevin1954 Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 9, 2018
    Messages:
    17,507
    Likes Received:
    15,022
    I know, yes an era back , I used to go down there occasionally as a Friday night change. Late 70’s .
     
    Storck likes this.
  19. Storck

    Storck Regular Starter

    Joined:
    Apr 8, 2018
    Messages:
    38,585
    Likes Received:
    29,403
    I remember them being there and going in after working at Homebase so that must have been mid 90s but Roebuck was in need of repair by then
     
    Kevin1954 likes this.
  20. Kevin1954

    Kevin1954 Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant Supporter

    Joined:
    Apr 9, 2018
    Messages:
    17,507
    Likes Received:
    15,022
    I honestly don’t remember that. Kids weren’t even born then, and the daughter is 40!
     
    Storck likes this.
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice