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Morrisons beats rivals with bumper Christmas salesJosh Brooks, 21 January 2010Be the first to comment on this article Supermarket chain Morrisons has become the latest retailer to report record Christmas sales with 6.5% year-on-year growth over the festive period. In a trading statement this morning the company reported an overall sales uplift of 11.5% in the six weeks to 3 January including the addition of new stores opened in the last year. Like-for-like sales were up 6.5%, a figure which outperforms Sainsbury’s 4.2% growth in Christmas sales and Tesco’s 4.9%. Morrisons chairman Sir Ian Gibson said: “Although we remain cautious on the economic environment and consumer spending, we look forward to further progress in the coming year.” The group is still looking for a replacement for chief executive Mark Bolland, who is moving to head up Mars & Spencer but is currently on gardening leave. Negotiations are underway over his exact leaving date. Click here for today’s headlines from across the packaging industry Speak Your Mind |
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