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.
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