Morrisons H1 results better than expected
Morrisons, the UK's fourth-largest grocer, claimed "steady progress" after mixed first-half results that included a dip in like-for-like sales but not the fall some were expecting.
Morrisons CEO Dalton Philips today (6 September) defended the UK retailer's "fresh format" stores and its policy on vouchers, two strategies brought into question in recent weeks.
Morrisons, the UK's fourth-largest grocer, today (6 September) claimed "steady progress" in the first half of its financial year after reporting results that included higher revenues, net profit but falling like-for-like sales.
UK retailer Morrisons has rolled its Catalina couponing system out nationally.
Morrisons CEO Dalton Philips has insisted the UK retailer will not chase unprofitable volume in a highly promotional market.
Morrisons insisted this morning (3 May) it has made a "satisfactory" start to the year, despite booking its first drop in like-for-like sales since 2005.
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- How Tyson's new CEO plans to grow the meat group
- The key questions for digital strategists in 2017
- Nestle unveils process to cut sugar by 40%
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- Putin 'wants embargo to run as long as possible'
- McCormick to buy flavours business Enrico Giotti