Morrison (wm) Supermarkets Share Discussion Threads

[essentialinvestor] 27/1/2020 19:35

I see someone here reads Get Surrey ) - saw the same article on Aldi.

[tim 3] 25/1/2020 22:01

Was told by someone who works there that they (mrw) have minimal staff on the shop floor restocking during the day one of the reasons being to avoid being constantly asked where things are.

Sounds bad but I guess in practice people will often ask a member of staff rather than look for products themselves if they see them nearby.

You certainly don't get help finding stuff at the discounters!

[loganair] 25/1/2020 08:57

Then go to my local Tesco where the shelves are also often pretty empty of the fresh produce and which is also full of unhelpful miserable morons...is why I shop at Waitrose where 50% of their staff are part time intelligent students from the local 6th Form college.

[johnwise] 24/1/2020 23:21

Management is hopeless.. To many every day items missing from the shelves not restocked until the next day, imposable to do a full shop at once.. And were do they find the staff, unhelpful miserable morons..
Fortunately there is a Tesco two miles away

[albert3591] 24/1/2020 19:21

It’s called multi tasking mrw do it already.

[muffinhead] 24/1/2020 17:17

Agree with yesterdays news of 7000 extra staff up front for customer support and reducing 3000 managerial roles with retraining or redundancy.
I'm thinking Morrisons might copy the employee task flexibility at Lidl where someone on till can also fulfil other in store tasks depending on hourly customer flows throughout the day which should improve productivity. Going to be harder on staff but flexibility is key to matching Lidl/Aldi on employee total costs. Customers and the market has demanded this change.

[muffinhead] 24/1/2020 17:02

Not at my local yet but Morrisons being progressive with rapid EV charging points

[tim 3] 24/1/2020 11:22

EI

Agree the discounters have really struck a cord with the uk public who like the lack of yo-yo pricing and their marketing is spot on.

Personally I don't like the discounters the queues are too long and there is not enough choice but by the same score I will not pay 10% more for exactly the same product for the pleasure of shopping at Waitrose its only shopping at the end of the day am usually in and out in 20 mins anyway even with a weekly shop.I use Sainsburys and occasionally Morrisons.

[loganair] 24/1/2020 09:11

Aldi has revealed 28 locations in Surrey 17 stores and Hampshire 11 stores where it is looking to open brand new supermarkets.

Fellow German budget specialists Lidl says it wants to open 30 stores in the Surrey.


The number of shoppers using Aldi and Lidl has risen by 50% in four years.

[tim 3] 24/1/2020 08:54

EI

Know what you mean some on these boards seem to think pricing generally is not that critical, which I'm pretty sure does not represent the majority of supermarket customers!

[tim 3] 23/1/2020 23:05

The Aldi near us is in an upmarket area and the carpark is full of nice cars.Again not a fan but the idea that its just people on tight budgets that shop there is well outdated.

As for all of the big 4 its going to be a challenge just to stand still let alone grow.

Even Tesco who have done really well recently has not seen that much growth in their share price.

Tough tough market and growing market share or margins will be incredibly difficult.

[f15jcm] 23/1/2020 18:07

You're right about SBRY, though there are massive sums on their balance sheet to do with their banking operations which I suspect play a large part. Also more intangibles, possibly to do with the Argos acquisition?

Same, supermarket shopping isn't in my remit!

[essentialinvestor] 23/1/2020 17:41

I really would not buy on a NAV rational, SBRY sell well below NAV.

What makes me cautious is I know several people who earn quite nice money
and now shop at Aldi or Lidl. Don't see the attraction myself, but then I'm
not bringing up a family.

[f15jcm] 23/1/2020 17:29

Now around NTAV with a 6% yield. Looks quite inviting.

[essentialinvestor] 23/1/2020 17:14

I'm tempted. Would only be for a small amount if I do.

[mortimer7] 23/1/2020 16:27

Surprised that level of staff change doesn't require RNS?

[tim 3] 23/1/2020 12:35

Morrisons creating 4,000 shop floor jobs through management cull

[cwa1] 23/1/2020 10:02

FWIW:-

Goldman Sachs has downgraded Morrison (Wm) Supermarkets to Sell with a price target of 175.00p

[albert3591] 22/1/2020 12:07

Let the share price drop announce job cuts then up it will go again