Morrisons achieves 3 years of positive growth

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Morrisons has achieved “three years of positive like-for-like” sales after reporting growth across the board in its third quarter.

For the 13 weeks to November 4, the grocer saw group like-for-like sales excluding fuel jump 5.6 per cent helped by a boost in wholesale revenues.

Despite retail sales growth dropping to 1.3 per cent compared to the previous quarter’s 2.5 per cent boost, total sales increased six per cent excluding fuel sales.

Morrisons opened a second fulfilment centre during the period, expanding its home delivery capabilities, while launching its new Morrisons More app and store-pick online service.

Thanks to its recent supply deal with McColl’s and additional new partner MPK Garages, Morrisons will soon supply over 1700 convenience stores.

“After another period of strong growth, and with more customers enjoying shopping at Morrisons, we have now completed three years of positive like for like,” chief executive David Potts said.

“Our exceptional team of food makers and shopkeepers are providing good quality food at great prices, and building a broader offer in store, online and for our wholesale customers.”

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3 COMMENTS

  1. Their sales have increased an average of 1.3% on average across all store and online. This means that some stores have probably seen a drop while others have done much better. What research have you done “on the ground ” to be in a position to question this Bob?

  2. Morrisons have been outstanding… Often considered the underdog. They always take their time and calculate every decision. Unlike other major retailers that make a song and dance over everything, Morrisons hates making a fuss and preferres to keep things behind closed doors.this is giving it a huge advantage and now they’re prepared to use it.

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