Morrisons sales drop 1.7% in “challenging” market

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Morrisons David Potts trading update
For the 22 weeks to January 5, sales excluding fuel, dropped 1.7%
// Morrisons sales drop 1.7% for the 22 weeks to January 5
// The drop was down to “challenging” trading conditions and uncertainty
// Group like-for-like sales including fuel drop 2.8%

Morrisons has reported a drop in group like-for-like sales after trading conditions remained “challenging” amid consumer uncertainty.

For the 22 weeks to January 5, sales excluding fuel, dropped 1.7 per cent.

The Big 4 grocer said the fuel market was “highly competitive”, with group like-for-like sales including fuel down by 2.8 per cent.


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“It was encouraging that during an unusually challenging period for sales, our execution was strong and our profitability robust, demonstrating the broad-based progress we have made during the turnaround,” Morrisons chief executive David Potts said.

“As always, we will take some learnings into the new year and look forward to 2020 with a strong plan and solid foundations on which to continue to grow.”

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5 COMMENTS

  1. My local Morrisons often has very low stock on frozen veg, many times totally out of things like frozen carrots, broccoli, cauliflower, green beans, sweetcorn etc.

    The fresh fruit and veg is regularly out of some lines as well.

    If you want to make more money, keep items in stock or people will start shopping elsewhere.

  2. Run into the ground by ripping investment in people and assets out of its core and flogging everything off to third parties to run even further into the ground.
    Too many tiers of management to pay for, 15 years ago there were clear comms to the CEO from each department and development from the ranks, now they just bring ex asda clique and cheapen the offering.
    Remember when the café was renown for its quality, now just a cheap dump with crap offerings.
    Should be ashamed of themselves.

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