The default layout and templates that Magento 1.4 provides are fairly comprehensive, but there are undoubtedly times that you will want to create a new block to your Magento theme. For example, you may want to add a block showing some of your suppliers' logos above the footer:
While you could just edit your theme's
footer.phtml file in the
/app/design/frontend/default/m2/template directory, it makes sense to create a new template block for this content. For example, if you decided to move the supplier logos to another position within your store in the future you would be able to move this with ease with Magento ...