November 04, 2010
There has been a high demand for Morrisons’ corporate degree programme, with the supermarket reporting it has received 500 applications since announcing plans for the scheme in October.
Offering participants the chance to earn a salary alongside studying for a BSc in Business and Management, the scheme will welcome an initial stream of 20 students.
Morrisons is working alongside Bradford University School of Management to offer young people what is essentially a free university education as well as the opportunity to gain extensive experience in the food retail sector.
The three-year earn-as-you-learn course comprises block learning at Bradford, distance study, on-the-job work experience and projects in Morrisons’ food manufacturing division.
Norman Pickavance, HR Director at Morrisons, commented: “We believe it is vitally important that industry and education sectors deliver vibrant new solutions which enable people to keep developing and gaining qualifications whilst they learn.”
Morrisons is set to announce sales results for the third quarter of its financial year tomorrow, and financial services company Matrix Group is confident the business is in good shape.
It forecasts that like-for-like sales growth excluding petrol and VAT will be 1.5 per cent, while new space will contribute another 1.5 per cent.
A report prepared by Matrix’s retail analyst Tom Gadsby said: “While Sainsbury’s has overtaken Morrisons in sales growth terms on the latest Kantar market share data, we do not believe that Morrisons’ growth story is over.
“Increasing inflation will help the top line to pick up again, and Morrison’s vertical integration should allow the company to benefit at the earnings line.”
Source: Retail Gazette