Styles & Wood Group Regulatory News (STY)

22 Jan 2009 09:46



22 January 2009

Styles & Wood Group plc

("Styles & Wood" or the "Group")

Styles & Wood completes Morrisons rebrand programme

Styles & Wood Group plc, a provider of retail property services to premier UK retailers, is pleased to announce that it has completed the first full year's trading with Morrison (Wm) Supermarkets PLC ("Morrisons"), the fast growing food retailer.

During the year, the Group undertook a complete rebrand of the entire estate of 382 stores and began a refresh programme and café upgrade that will extend into 2009.

In order to successfully complete the programme, Styles & Wood provided an outsource solution which engaged the Group's StorePlanning business to conduct a survey in order to address the design aspects before commissioning Styles & Wood StoreFit to deliver the programme.  

Ivan McKeever, CEO of Styles & Wood, commented:

"We have had an excellent first year with Morrisons and this is further evidence of the Group's planned strategy to increase its penetration of the food retail sector.  I am pleased that we have been able to deliver the rebrand programme on budget and on time whilst providing great service and value via our outsource model.

"Through this programme we have developed a strong relationship with Morrisons and we see this continuing to provide opportunities for the future."

Kevin Johnson, Purchasing Director of Morrisons, said:

"We are pleased with the quality of the work that Styles & Wood has delivered across our store network over the last 12 months and we look forward to continuing to work with the team on our refresh and café upgrade programmes throughout 2009."

- Ends -

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