UK supermarket giant takes on several Jessops stores, whilst also expressing interest in HMV and Blockbuster outlets

Morrisons buys a handful of Jessops stores

UK supermarket giant Morrisons has taken on several of Jessops’ stores from the retailer’s administrator for an undisclosed sum.

Jessops collapsed last month, which resulted in the loss of 2,000 jobs and the closure of its 192 stores.

The supermarket chain is set to take on seven locations for its M Local convenience business as it aims to bounce back from a disappointing Christmas period, which saw Morrisons perform the worst out of the UK’s leading supermarket brands with like-for-like sales slip 2.5 per cent.

Morrisons has also expressed interest in taking on a number of retail locations from both HMV and Blockbuster, both of whom entered administration just days after Jessops.

The announcement follows the news that Dragon’s Den businessman, Peter Jones, has agreed to buy the Jessops brand, which will be relaunched as an online-only retailer.

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