Slower Quarter For Morrisons; Flags Cost Headwinds

Slower Quarter For Morrisons; Flags Cost Headwinds

Sales growth at Morrisons slowed in its third quarter, raising the prospect of Lidl overtaking it as the UK’s fifth-largest supermarket. The private equity-owned business saw its like-for-like sales increase 3.0% over the 13 weeks to 27th July. This represented (more…) The post Slower Quarter For Morrisons; Flags Cost Headwinds appeared first on KamCity.

Morrisons reveals increased sales for the latest quarter - Rother Radio

Total sales rose 3.5 percent in the 13 weeks to July 27 Morrisons has revealed increased sales despite pressure from “rising inflation and challenging macroeconomic conditions” in the latest quarter. The UK’s fifth largest supermarket group revealed that total sales grew by 3.5% to £4 billion for the 13 weeks to July 27. It represented a slowdown from growth of 4.2% in the previous quarter. Morrisons also said it secured £63 million of cost savi…