Morrisons sees sales dip

08 November, 2012

Morrisons saw total sales down 0.4% in the 13 weeks to 28 October 2012, as fragile consumer confidence continued to take its toll.

Like-for-like sales were down 2.1% (excluding fuel).

The retailer said consistently high levels of promotional activity in the market had also had a negative effect, with sales lower than anticipated.

However, Morrisons said it was making good progress delivering strategic initiatives, which would provide a solid foundation for future growth.

During the third quarter it introduced its Fresh Market format to a further 35 stores, and said it was on track to meet its target of extending the format to 100 stores by the end of this fiscal year.





Site Search

Webinars 

    Insights from the Bakery Market Report 2016

    You can now purchase the Bakery Market Report 2016, which offers insight into the retail bakery trade in the UK.

Events Calendar

Facebook

Twitter