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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 Record 2.6% Fall In Sales
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
