HMV stores help Morrisons M Local expansion

27 February, 2013

Morrisons has revealed it has acquired six HMV sites as the firm continues to grow its convenience store estate.

The supermarket retailer has secured the shops from Deloitte, administrator of the national music and DVD chain, in addition to revealing that it is offering its employees a £500 finder's fee should they find properties that are subsequently opened under the Morrisons M Local name.

It comes as Morrisons acted quickly on pursuing the sites of other failing high street brands this month, including DVD and game rental firm Blockbuster, which it bought 49 of its existing locations, as well as seven of camera retailer Jessops’ stores.

Gordon Mowat, managing director of Morrisons Convenience, said: “We have either opened or acquired 70 stores just one month into our financial year so we are pleased that we will exceed our 2013 target. Our focus is now on opening these stores as soon as we can, as well as pushing on to secure even more sites. This is a big expansion year for us and we have got off to a great start.”

Morrisons added that the acquired stores, which are predominantly based in London and the south east, will be opened across the summer.





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