UK's Morrisons asks for longer Xmas trading hours

LONDON Thu Nov 22, 2012 12:04am IST

1 of 10. Morrisons supermarket CEO Dalton Philips hosts a lunch for reporters at his home in London November 21, 2012.

Credit: Reuters/Luke MacGregor

Stocks

   

LONDON (Reuters) - Wm Morrison Supermarkets (MRW.L), Britain's fourth-biggest grocer, is lobbying government for Sunday trading laws to be relaxed on December 23 this year, arguing that the second day before Christmas is usually the busiest shopping day of the year.

With December 23rd falling on a Sunday retailers are restricted by law to opening for a maximum of six hours.

Morrisons wants an extension of two to three hours so it can avoid chaotic scenes in stores, Chief Executive Dalton Philips told reporters on Wednesday during a media visit to a store in Camden, north London.

"(David) Cameron talked this week about an economic war. We should be open longer on the 23rd, it's ridiculous," he said in reference to a speech made by the Prime Minister at a Confederation of British Industry conference on Monday that called for a slashing of rules and regulations that are holding back UK business.

"We did this during the Olympics and I think the government needs to be consistent on that," Philips added, referring to a relaxing of Sunday trading rules this summer.

Philips and Andy Clarke, chief executive of Wal-Mart's (WMT.N) Asda, Britain's second biggest supermarkets operator, have written to Michael Fallon, minister of state for business, on the issue and Philips will also meet with him on Thursday.

Last week Morrisons posted a worsening decline in sales and parted company with its commercial director, saying it had to do a better job of telling customers about policies such as its emphasis on in-store butchers, bakers, fishmongers, cheesemongers and greengrocers and its focus on producing much of the food it sells - elements all show-cased in the Camden store.

"I think it's going to be a very competitive Christmas market," said Philips.

Shares in the firm closed on Wednesday at 257 pence, valuing the business at about 6.06 billion pounds ($9.66 billion).

(Editing by Greg Mahlich)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Healthcare Corruption

REUTERS SHOWCASE

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Mircosoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage