Morrison posts bright Q1

The Big Four supermarket reveals strong financials with like-for-likes up 3.4% in first quarter 2017

Written by

Posted 05.05.2017 | Retail

The Big Four supermarket reveals strong financials with like-for-likes up 3.4% in first quarter 2017

Morrissons has posted a 3.4 per cent increase in like-for-like sales for the first quarter of 2017, the sixth consecutive quarter of growth for the Big Four supermarket.

The grocer’s chief executive David Potts said the positive performance was solid evidence the senior team’s turnaround plans were heading in the right direction, and that it was on track to “build a broader, stronger Morrisons”. David moved to Morrisons around two years ago to help revitalise its then ailing fortunes.

“We’ve been working hard to improve quality and lower prices,” he added. “We’re selling more things to more people.”

Spin Master named League of Legends master toy thumbnail

Spin Master named League of Legends master toy

Licensing agreement with video game giant Riot Games will bring action figures, role-play and more to shelves next AW

John Lewis scraps partner bonus thumbnail

John Lewis scraps partner bonus

Partners will lose out on their annual profit share for the first time since 1953 after the group posts £635m ...

John Lewis scraps partner bonus thumbnail

John Lewis scraps partner bonus

Press Releases

Radio silence broken on Novel Entertainment’s new Horrid Henry podcast thumbnail

Radio silence broken on Novel Entertainment’s new Horrid Henry podcast

The first podcast based on the award-winning Horrid Henry TV series will launch this week under new ‘Horrid Henry Unlocked’ ...

APC Kids signs trio of deals for CTC Media’s Kid-E-Cats thumbnail

APC Kids signs trio of deals for CTC Media’s Kid-E-Cats

New deals sees hit property’s footprint expand in Asia, Latin America and North America

Live the track with the Lego Technic Ducati Panigale V4 R thumbnail

Live the track with the Lego Technic Ducati Panigale V4 R

The Lego Group has revealed its latest Lego Technic model – the Ducati Panigale V4 R

Have a field day with Britains’ New Holland Tractor! thumbnail

Have a field day with Britains’ New Holland Tractor!

Tomy has revealed the latest launch from Britains – a New Holland T8.435 Tractor