Blog: A message of goodwill from Morrisons
Dean Best | 4 December 2008
Christmas is a stressful time for all of us, not least those working in the food retail sector. It is one of the most competitive times of the year and, given the economic turmoil, retailers are battling it out for a share of an ever-more cautious consumer's pennies.
However, one man likely to be full of Christmas cheer is Morrisons boss Marc Bolland. Today (4 December), the UK's fourth-largest grocer confirmed its position as one of the country's more buoyant retailers with a bumper set of quarterly sales figures.
Morrisons saw third-quarter like-for-like sales rise 8.1%, outpacing the growth seen at Tesco, which earlier in the week revealed its own quarterly like-for-likes had risen by just 2%.
Bolland has even bought himself a Christmas present with the agreement to buy 38 stores from fellow UK retailer The Co-operative Group.
Nevertheless, given this is the season of goodwill to all men, Bolland resisted the temptation to send a gloating message to his supermarket rivals.
When he asked how he had found competing with the might of Tesco since arriving at Morrisons in 2006, Bolland said: “I have a strong respect for Tesco. It is probably the world's very best retailer. We operate in a very challenging environment and I am enjoying the challenge of competing in a market with the world leader of quality.”
A smooth Christmas message if ever there was one.
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast