THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Omni Channel Futures 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Morrisons’ like-for-like sales up 1.6% in third quarter

Morrisons saw its like-for-like sales excluding fuel grow by 1.6% in its third quarter as it invested in pricing and improving the shopping trip for customers…. View Article

FOOD & DRINK

Morrisons’ like-for-like sales up 1.6% in third quarter

Morrisons saw its like-for-like sales excluding fuel grow by 1.6% in its third quarter as it invested in pricing and improving the shopping trip for customers.

In the 13 weeks to 30 October, total sales excluding fuel declined by 1.2% which was a reflection of the continuing impact of supermarket closures and the retailer’s exit from its M Local convenience chain.

Morrisons said it had continued to improve the shopping experience in the period which had helped to attract more customers. Like-for-like transactions rose by 4.1%.

It also invested in becoming more competitive which meant prices fell during the quarter, with deflation of 1%.

During the period, Morrisons launched ‘The Best’ premium range and is planning to expand the range with more products in the run-up to Christmas.

David Potts, Morrisons chief executive, said: “Our like-for-like sales have now been positive for a year, which is thanks to the hard work and dedication of the whole Morrisons team. There is a lot more we plan to do. We will keep investing in becoming more competitive and improving the shopping trip, and I am confident we will serve our customers even better during the important trading period ahead.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >