May 30, 2012, 10:50 a.m. ET Morrison Shifts Focus To Opening New Stores In South England -CEO
LONDON (Dow Jones)–Wm Morrison Supermarkets PLC (MRW.LN) Chief Executive Dalton Philips Wednesday said the retailer will shift its focus to opening stores in the underrepresented south of England, even as he conceded there is no foreseeable lifting of the current retail gloom.
Philips said that by the end of fiscal 2014, 60% of new retail space opened by Morrison will be in the south, compared with 15% in fiscal 2012.
The new opening space equates to around 1.25 million …