UK grocery retailer Morrisons plans to open hundreds of convenience M Local stores in upmarket areas over the next few years. The company is looking to attract wealthier consumers than those that typically visit its city centre or out of town stores. “They [convenient stores] are a format that we are looking to build on over the next couple of years and we will continue to keep you updated as we have further news,” said a spokesperson.Richard Hodgson, Morrisons Commercial Director, is understood to have told a Sunday newspaper: “We’re pursuing an aggressive space strategy and convenience stores is at the heart of this. We want to open several hundred in the next few years and continue growing our market share.”
Source: Planet Retail
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