Morrisons has reported accelerated sales growth for the past quarter amid a drive to revitalise the supermarket chain.
The company revealed that group like-for-like sales, excluding fuel and VAT, rose by 4.6 per cent over the three months to January 28. Morrisons said it represented the strongest like-for-like sales growth for three years. Total sales were up 3.9 per cent to £3.9bn for the period. The Bradford-based retailer was bought for £7bn by US private equity firm Clayton, Dubilier & Rice in 2021.
“Our key customer metrics are improving and complaints – which in many ways are the canaries in the retail coalmine – are down almost 60 per cent in the last 20 weeks. “For longer term and sustainable growth, we have developed new plans for growth in wholesale, convenience, franchise, export markets and global sourcing and we are now moving quickly to implementthem.
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