Morrisons

Morrisons’ Sales Growth Slows In ‘Softer’ Market

UK supermarket group Morrisons’ underlying sales growth slowed in its third quarter, which it said reflected a “noticeably softer” market...

British supermarket sales growth slowed in September, likely owing to cooler weather and a return to routine following the summer holidays.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

Sainsburys reported a 3% rise in first-quarter underlying sales on Tuesday, despite weather-related weakness in non-food categories.

Morrisons has said that its new chief executive’s strategy to improve price competitiveness and develop a loyalty programme is working.

UK grocery inflation fell for a sixteenth month in a row in June, data from market researcher Kantar showed on Tuesday.

Grocery inflation in the UK fell for the 15th month in a row in May to reach 2.4% – its lowest level since October 2021, according to Kantar.

Sainsburys has forecast up to 10% growth in retail operating profit in its new financial year as it continues to win customers from rivals.

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