Blog: Morrisons rings up higher margins

Dean Best | 21 July 2009

The Morrisons juggernaut rumbles on.

And today (21 July), the UK retailer went some way to answering some long-held suspicions that, despite soaring sales, its focus on value could be hitting margins.

The UK's fourth-largest grocer today upped its margin forecast for the year, sending its shares skywards.

Morrisons buoyed investors with news that growing sales volumes and its series of intiatives to manage margins was improving profits.

The retailer has been out-performing some of its rivals as cash-strapped consumers flock to its stores but the market has questioned just what impact its push for value was having on margins.

Now, some of those concerns have been allayed. We would just like to know if and when Morrisons will finally go online.....

BLOG

What does Gen Z want from brands? IRI presents its view

Industry watchers IRI has published the findings of two studies in the US they claim can give an insight into the shopping patterns of those aged 21 and under - Gen Z....

BLOG

The identity of the buyer of Tyson's Kettle business emerges

In February, we reported Tyson Foods had sold its Kettle business, one of a series of non-protein disposals at the US meat giant. But the company would not disclose the buyer. This week, the new owner...

BLOG

Leading French grocers eye buying "alliance" - and suppliers aren't happy

Buying partnerships between France's food retailers have been a feature of the country's grocery landscape for a number of years but this week came news of a potentially significant new tie-up - and s...

BLOG

just-food off for Easter

A point of admin: just-food is closed tomorrow (Good Friday) and on Easter Monday. It promises to be a wet public holiday here in the UK but we'll likely console ourselves in chocolate....

Most Popular

Insights

News

Market research