Morrisons starts selling pharmacies as cost-cutting programme continues
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Morrisons has reportedly started selling some of its 120 in-store pharmacies in the UK as part of a cost-cutting programme.
The chain has sold several pharmacies to individual buyers and is looking to sell dozens more early next year, the Telegraph reported yesterday.
Morrisons, which made losses of £381 million last year, put some its pharmacies up for sale in February and instructed brokers to find buyers. It is not thought the company wants to sell all of its pharmacies and branches sold are expected to continue operating from Morrisons stores but under the branding of new owners.
Morrisons chief executive Rami Baitiéh has been leading a review of its entire estate and reducing costs which has resulted in the closure of cafés, market kitchens, convenience stores, florists, meat and fish counters and pharmacies.
In a report this month updating investors, Morrisons said it made £995 million in total savings including £53 million for the 13 weeks ending July 26, 2026.
“Although the significant majority of colleagues affected by these changes are expected to be deployed in suitable roles elsewhere in Morrisons, there will be a total of around 365 colleagues at risk of redundancy,” Morrisons said.
The report sajd the company experienced “robust performance” during that period, with group like-for-like sales up 3.2. per cent and £4.1 billion in total sales.
“Trading conditions (for the 13 weeks ending July 26, 2026) remained highly competitive but the period also benefited from the hot weather and the World Cup,” Baitiéh said.
He added: “Our stronger sales momentum reflected a broad-based improvement across the business, with our supermarkets, online, convenience, pharmacy and Myton manufacturing businesses all reporting good growth, underlining our progress with our plans to renew and modernise Morrisons.”
When asked how many pharmacies it has sold and where they are based, Morrisons did not respond.