Morrisons reports strong Christmas trading
Morrisons reports strong Christmas trading
Thursday 21st January 2010
UK supermarket Morrisons has said it recorded "another strong Christmas" in 2009, beating off competition from Tesco and Sainsbury's.The store is still looking to replace chief executive Marc Bolland, who left Morrisons for Marks & Spencer in November after achieving success with the UK's fourth largest grocer.
Like-for-like sales at Morrisons rose 6.5 per cent excluding fuel and VAT in the six weeks to January 3rd, serving a record number of customers over the Christmas period. In the six weeks to January 3rd total sales excluding fuel were up by 11.2 per cent.
But the 422-store strong supermarket said that looking further ahead it remained cautious on the outlook for consumer spending and expected the market to remain challenging.
Chairman Sir Ian Gibson said: "Morrisons has had another strong Christmas. Once again our distinctive offer, eye-catching promotions and relentless focus on our core strengths of fresh food and great value combined to help customers have a great Christmas.
"This has enabled Morrisons to finish the year strongly and although we remain cautious on the economic environment and consumer spending, we look forward to further progress in the coming year."
At 10:15 GMT Morrisons was down 1.37 per cent on the FTSE 100.
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