Jan 10, 2017

Morrisons sees best Christmas performance for seven years

The retailer said fresh food, its beers, wines and spirits, and its Nutmeg clothing had all performed well. Morrisons also said it expected its annual profits to beat analysts' expectations, with underlying profits predicted to be £330m-£340m. The consensus among market analysts was for £326m. "Morrisons chief executive David Potts said:"This Christmas we made further improvements to the customer shopping trip. "We stocked more of what our customers wanted to buy, more tills were open more often, and product availability improved as over half of sales went through our new ordering system."

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