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05/11/2015
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%.
Despite the fall, however, Chief Executive David Potts said the supermarket was "making good progress in many areas", adding that their priorities included "[to] stabilise trading, reduce costs and further improve the capability of the leadership team."
It is thought the company's underlying pre-tax profit will be higher in the second half of 2015/16 than the first half.
(JP)
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%.
Despite the fall, however, Chief Executive David Potts said the supermarket was "making good progress in many areas", adding that their priorities included "[to] stabilise trading, reduce costs and further improve the capability of the leadership team."
It is thought the company's underlying pre-tax profit will be higher in the second half of 2015/16 than the first half.
(JP)
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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.
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.
09 May 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.
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.
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This month's official inflation figures are still more than double the 'target rate' of 2%, although it is expected to drop "sharply", according to the Bank of England. The Consumer Prices Index (CPI) in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.
Inflation At 5% But Expected To Drop 'Sharply'
This month's official inflation figures are still more than double the 'target rate' of 2%, although it is expected to drop "sharply", according to the Bank of England. The Consumer Prices Index (CPI) in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.
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The number of people migrating to the UK has fallen for the third year running, according to statistics released today. New international migration estimates published today by the Office for National Statistics (ONS) found that overall 151,000 more people migrated to the UK than leaving it in 2003.
Third annual fall recorded in migration to UK
The number of people migrating to the UK has fallen for the third year running, according to statistics released today. New international migration estimates published today by the Office for National Statistics (ONS) found that overall 151,000 more people migrated to the UK than leaving it in 2003.
12 September 2013
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.
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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