Advertise with fastmoving.co.za
 
 

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

Morrisons achieves 3 years of positive growth

INTERNATIONAL NEWS

By Ben Stevens - Nov 7th 2018, 10:45

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.”




Retail Gazette 

Read more about: retailer | retail | mpk garages | morrisons | mccoll's | grocer

Related News

Shoprite Group helps waiter become an entrepreneur thanks to his unique product offering
18/03/2019 - 15:02
Phenyo Sebaeng (28) had to borrow money from two of his close friends in order to buy a bus ticket from Rustenburg to Cape Town, where he had secured a meeting with a buyer at the Shoprite Group's home office in January 2017.

520+ million Smart Shopper cash-off discounts to be issued for customers
18/03/2019 - 11:49
Pick n Pay’s Smart Shopper will give customers double personalised discounts to help them save even more in the next few weeks.

Three quarters in a row of sales growth for H&M
15/03/2019 - 14:26
Sweden’s H&M, the world’s second-biggest fashion retailer, posted local-currency sales growth for its fiscal first quarter that matched analysts’ forecasts, on Friday, while net sales were slightly higher than expected.

Libstar banks on new food products
14/03/2019 - 10:15
Consumer goods manufacturer and distributor Libstar, whose brands include Lancewood cheese and Denny Mushrooms, says it adjusted to the slowdown in consumer spending by launching hundreds of new food products.

‘Socially conscious’ manufacturer lands major contract with Shoprite
14/03/2019 - 09:53
Plastic manufacturing and recycling company, Verigreen, has been awarded a multi-million rand contract to supply 25 different products under the Shoprite Group’s Ritebrand and Housebrand labels.