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09/05/2013
Morrisons Record 2.6% Fall In Sales
Morrisons has said it has experienced a "solid start" to its financial year, despite falling sales.
Over the first quarter of the year, sales have fallen by 2.6%.
The figures, on a like-for-like basis, include fuel sales, but total sales contracted by 0.3% as new store openings helped to bolster the business.
The supermarket chain added that the performance, excluding fuel, reflects a steady improvement from the previous quarter and is in line with its expectations.
In the 13 weeks to May 5, the company said sales at its stores open for more than one year fell 1.8% when fuel was excluded. This is an improvement on the fourth quarter fall of 4.1%.
It added that its plans to launch an online food operation by January 2014 were progressing, with talks with online grocer Ocado were continuing.
Chief Executive Dalton Philips said: "Our promotions have been more innovative and we are explaining Morrisons' points of difference more effectively
"These efforts were further reinforced by the horsemeat scandal which helped drive increasing customer recognition of Morrisons' unique supply chain and approach to meat sourcing."
(JP/CD)
Over the first quarter of the year, sales have fallen by 2.6%.
The figures, on a like-for-like basis, include fuel sales, but total sales contracted by 0.3% as new store openings helped to bolster the business.
The supermarket chain added that the performance, excluding fuel, reflects a steady improvement from the previous quarter and is in line with its expectations.
In the 13 weeks to May 5, the company said sales at its stores open for more than one year fell 1.8% when fuel was excluded. This is an improvement on the fourth quarter fall of 4.1%.
It added that its plans to launch an online food operation by January 2014 were progressing, with talks with online grocer Ocado were continuing.
Chief Executive Dalton Philips said: "Our promotions have been more innovative and we are explaining Morrisons' points of difference more effectively
"These efforts were further reinforced by the horsemeat scandal which helped drive increasing customer recognition of Morrisons' unique supply chain and approach to meat sourcing."
(JP/CD)
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Morrisons Post Fall In Half-Year Profits
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Morrisons Post Fall In Half-Year Profits
Morrisons supermarket has recorded a fall in its half-year profits. It cited "challenging" market conditions as a factor. For the half-year to 4 August 2013, pre-tax profits fell to £344m from £440m in the same period the year before. Total turnover or the period remained unchanged at £8.
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Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
04 December 2013
Tesco UK Sales Fall In Third Quarter
Supermarket giant Tesco has recorded a fall in its underlying third quarter sales in the UK. The group said the decline is due to a challenging market for groceries. In its latest trading update, the supermarket said its like-for-like UK sales, which ignore new shop openings, and excluding VAT and petrol, had declined by 1.5%.
Tesco UK Sales Fall In Third Quarter
Supermarket giant Tesco has recorded a fall in its underlying third quarter sales in the UK. The group said the decline is due to a challenging market for groceries. In its latest trading update, the supermarket said its like-for-like UK sales, which ignore new shop openings, and excluding VAT and petrol, had declined by 1.5%.
04 May 2005
CBI reports retail sales drop
The volume of retail sales has fallen in the year to April, according to the CBI’s monthly Distributive Trades Survey. The survey found that nearly half of retailers (46%) reported a drop in sales volume, compared to 32% who reported a rise in sales; a balance of -14%, compared with a figure of -9% in last month’s survey.
CBI reports retail sales drop
The volume of retail sales has fallen in the year to April, according to the CBI’s monthly Distributive Trades Survey. The survey found that nearly half of retailers (46%) reported a drop in sales volume, compared to 32% who reported a rise in sales; a balance of -14%, compared with a figure of -9% in last month’s survey.
28 March 2014
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
Retail Sales Bounce Back A 1.7% Rise In February
Retail sales increased more than expected in February according the official figures recuperating their sales volumes until nearly 1.7% last month after the post-Christmas slump when it felt a 2%. In fact, February sales were 3.
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