Menu
07/05/2015
Morrisons Sales Continue To Drop
There has been a further fall in sales reported by supermarket chain Morrisons.
Latest figures reveal that in the three months to 3 May, like-for-like sales – excluding fuel – fell by 2.9%. This is a further drop in sales from the previous quarter; there was a 2.6% decline reported for Q1.
The retailer added that it had closed more stores than it opened during the past three months, while more than 700 jobs are expected to be cut at its head office, which is based in Bradford.
A full assessment of the business is now being carried out, it was confirmed, and that more details would be released in September when the company publishes its half-year results.
Pre-tax profits for Morrisons are expected to be higher in the second half of the financial year. Meanwhile, in March, the supermarket said its underlying full-year profits had plummeted to £345m.
(JP/CD)
Latest figures reveal that in the three months to 3 May, like-for-like sales – excluding fuel – fell by 2.9%. This is a further drop in sales from the previous quarter; there was a 2.6% decline reported for Q1.
The retailer added that it had closed more stores than it opened during the past three months, while more than 700 jobs are expected to be cut at its head office, which is based in Bradford.
A full assessment of the business is now being carried out, it was confirmed, and that more details would be released in September when the company publishes its half-year results.
Pre-tax profits for Morrisons are expected to be higher in the second half of the financial year. Meanwhile, in March, the supermarket said its underlying full-year profits had plummeted to £345m.
(JP/CD)
Related UK National News Stories
Click here for the latest headlines.
12 March 2009
Morrisons' Sales Fuel Expansion Plans
The UK's fourth largest supermarket chain has reported bumper profits, and its revealed revenue will be plowed back into working capital for the business. Morrisons boosted annual sales by 13%, smashing previous forecasts for the retailer.
Morrisons' Sales Fuel Expansion Plans
The UK's fourth largest supermarket chain has reported bumper profits, and its revealed revenue will be plowed back into working capital for the business. Morrisons boosted annual sales by 13%, smashing previous forecasts for the retailer.
25 March 2010
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
UK Retail Sales Jump
Retail sales between January and February grew by 2.1%, it was revealed today. It was the most significant upward trajectory since May 2008, when sales volume leaped by 2.9%. However, the Office of National Statistics said January data has been revised down, mainly due to late returns and revisions to existing data.
21 January 2005
Christmas sales figures 'unusually low' say ONS
UK retail sales in the UK were described as "unusually low", according to the latest Retail Sales Index (RSI) figures from the Office of National Statistics. The volume of retail sales in the three months between October to December was only 0.3% higher than in the previous three months.
Christmas sales figures 'unusually low' say ONS
UK retail sales in the UK were described as "unusually low", according to the latest Retail Sales Index (RSI) figures from the Office of National Statistics. The volume of retail sales in the three months between October to December was only 0.3% higher than in the previous three months.
09 December 2004
UK trade deficit gap widens by 0.9bn
The UK’s deficit on trade in goods and services is estimated to have widened by around 0.9 billion in October up from a deficit of £2.9 billion in September to £3.8 billion in October.
UK trade deficit gap widens by 0.9bn
The UK’s deficit on trade in goods and services is estimated to have widened by around 0.9 billion in October up from a deficit of £2.9 billion in September to £3.8 billion in October.
05 November 2015
Further Fall In Sales For Morrisons
Morrisons has reported a further fall in sales. According to the supermarket chain, in the 13 weeks to 1 November, like-for-like sales – which excludes fuel – fell by 2.6%. Morrisons said the decline is due to a reduction in the number of its promotional vouchers, which had affected sales in the third quarter by some 2.4%.
Further Fall In Sales For Morrisons
Morrisons has reported a further fall in sales. According to the supermarket chain, in the 13 weeks to 1 November, like-for-like sales – which excludes fuel – fell by 2.6%. Morrisons said the decline is due to a reduction in the number of its promotional vouchers, which had affected sales in the third quarter by some 2.4%.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
