Morrisons & Aldi

Morrisons: Morrisons is closing 17 convenience stores, 52 in-store cafes, and various counters and pharmacies due to financial viability concerns, putting 365 jobs at risk. This is part of a plan to renew and reinvigorate the company.

Aldi: Aldi is mentioned as a discounter rival that overtook Morrisons as the United Kingdom's fourth-biggest supermarket chain in 2022, contributing to competitive pressure.

Morrisons: Morrisons returned to profit for the first time since its 2021 private equity takeover, reporting a pre-tax profit of £2.1 billion, largely due to the sale of its petrol forecourts. However, it also cut over 3,600 jobs and closed 17 Morrisons Daily convenience stores and more than 50 in-store cafes as part of restructuring.

Aldi: Aldi is mentioned as another supermarket chain that has announced job losses, indicating a broader industry trend.

Morrisons: Morrisons is applying reductions as soon as stores open and a final markdown in the evening on New Year's Eve, as it remains open on New Year's Day.