business
innovative

Morrisons Introduces New Deals to Compete

2024-07-08 13:20
chain of supermarkets in the United Kingdom
brand name of two global discount supermarket chains
German global discount supermarket chain
  • Morrisons has launched limited-time deals available in 450 stores, refreshing the selection every three weeks.
  • The displays feature wooden crates to catch customer attention.
  • This move aims to effectively compete with rivals Aldi and Lidl, known for their discount prices.

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Insights

Morrisons has expanded its “when it’s gone it’s gone” (WIGIG) offers to nearly all of its stores, aiming to enhance its competitive edge against discount retailers Aldi and Lidl. Initially launched in February, these limited-time deals are now available in 450 locations, featuring a diverse range of products including toys, homeware, garden supplies, food, and health and beauty items. The offerings are refreshed every three weeks and prominently displayed on wooden crates marked with eye-catching red signs. The WIGIG range is also accessible online for customers within the delivery areas of Morrisons’ fulfillment centers located in Erith and Dordon. This strategic move aligns with similar initiatives by Aldi and Lidl, which offer limited-time promotions known as “Specialbuys” and the “Middle of Lidl,” respectively. By adopting this model, Morrisons aims to attract bargain-hunting shoppers looking for unique deals. CEO Rami Baitiéh emphasized the importance of the WIGIG initiative, stating that it reflects the supermarket's growing trading mentality. He noted that the program is not merely a marketing gimmick but a strategic approach to drive sales growth and enhance customer satisfaction. Baitiéh highlighted the commitment to providing high-quality products at outstanding prices, which is essential for the success of the WIGIG range. As Morrisons continues to develop its WIGIG offerings, the company is also focusing on strengthening its relationships with suppliers and improving its presence in general merchandise and home and leisure categories, where it currently lags behind competitors.

Contexts

In light of the competitive grocery market, Morrisons has implemented new strategies to attract customers as discounters like Aldi pose significant challenges. Ahead of the May bank holiday weekend on May 1, 2024, Aldi has warned shoppers about potential price changes and advised avoiding peak shopping days for a better experience. Furthermore, Aldi is engaging customers for feedback on potential locations for new stores, hinting at their expansion plans. This context underscores the heightened competition in the supermarket sector, prompting Morrisons to innovate and enhance its offerings.

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