Home / Articles / Morrisons notches up more sales growth

Morrisons notches up more sales growth

Morrisons, the UK’s fourth-biggest supermarket chain, has reported a 2.5% rise in sales for the third quarter.The rise in like-for-like sales, which measures activity in stores that have been open for more than a year, shows the retailer’s recovery is continuing.Sales at the supermarket have now grown for eight quarters in a row.Chief executive David Potts, said: “We again worked hard during the quarter… and made good progress on becoming more competitive.”While the sales increase in the three months to 29 October is another step forward in Morrisons’ recovery, it is a notch below the 2.6% rise in the previous quarter and is also down on the 3.4% rate seen in the first quarter of this year.Morrisons has been the best performing of the established “Big Four” UK supermarkets recently, although all chains are attempting to fight off the fierce competition coming from discounters Aldi and Lidl.One area earmarked for growth is its higher-quality “Best” range. Mr Potts said this was being increased to 1,000 items and would have double the range of items offered this Christmas, compared with last.
Source: BBC News

About Business Ideas UK

My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups. I am an author of various websites including Franchise UK https://www.franchise-uk.co.uk

Check Also

Qatar buys 24 Eurofighter Typhoon jets in £6bn deal

A £6bn deal to sell Eurofighter Typhoons to Qatar will help safeguard thousands of …

Free Franchise Guide

Free Franchising Guide

 

Interested in buying a franchise? The our FREE Franchise Guide is a must! The guide contains lots of information to help you decide if franchising is right for you.

 

To claim your Free Franchise Guide click here