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09/01/2014
Sales Fall For Major Supermarkets
Supermarket chain Morrisons has reported a 5.6% fall in its like-for-like sales in the six weeks to 5 January.
One of its major rivals, Tesco, has also unveiled a decline in their like-for-like sales during the Christmas period of 2.4%.
The news comes just a day after Sainsbury's said it's sales had increased by 0.2% over the 14 weeks to 4 January.
Discussing the results, Morrisons said its results were due to a lack of online presence and competition by other supermarket chains such as Lidl and Aldi. In a statement, the supermarket said: "The difficult market conditions were intensified for Morrisons by the accelerating importance of the online and convenience channels, where Morrisons is currently under-represented, and by targeted couponing which was particularly prevalent in the market this Christmas."
The supermarket chain is, however, due to enter the online shopping market tomorrow (10 January) as part of a trial process.
For Tesco, the firm said the sales decline was due to "further weakness in the UK grocery market", while its overseas sales fell by 0.7%.
Philip Clarke, Chief Executive of Tesco, added that decision to open fewer stores in the UK was also behind the drop in sales.
He continued: "As expected, this Christmas saw a further consumer shift towards multichannel retailing, and Tesco continues to play a leading role. The increasing focus we have placed in recent years on extending our lead in online grocery and on rolling out our Express format to over 1,600 stores in the UK alone has positioned us well to meet customers' changing needs.
"Our overseas performance has improved since the third quarter, driven by an improving trend in Europe. This is despite continuing external challenges, including the recent political disruption in Thailand."
(JP)
One of its major rivals, Tesco, has also unveiled a decline in their like-for-like sales during the Christmas period of 2.4%.
The news comes just a day after Sainsbury's said it's sales had increased by 0.2% over the 14 weeks to 4 January.
Discussing the results, Morrisons said its results were due to a lack of online presence and competition by other supermarket chains such as Lidl and Aldi. In a statement, the supermarket said: "The difficult market conditions were intensified for Morrisons by the accelerating importance of the online and convenience channels, where Morrisons is currently under-represented, and by targeted couponing which was particularly prevalent in the market this Christmas."
The supermarket chain is, however, due to enter the online shopping market tomorrow (10 January) as part of a trial process.
For Tesco, the firm said the sales decline was due to "further weakness in the UK grocery market", while its overseas sales fell by 0.7%.
Philip Clarke, Chief Executive of Tesco, added that decision to open fewer stores in the UK was also behind the drop in sales.
He continued: "As expected, this Christmas saw a further consumer shift towards multichannel retailing, and Tesco continues to play a leading role. The increasing focus we have placed in recent years on extending our lead in online grocery and on rolling out our Express format to over 1,600 stores in the UK alone has positioned us well to meet customers' changing needs.
"Our overseas performance has improved since the third quarter, driven by an improving trend in Europe. This is despite continuing external challenges, including the recent political disruption in Thailand."
(JP)
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05 June 2013
Sales Fall At Tesco
UK sales at Tesco have fallen over the last three months, the supermarkets report shows. The report shows that in the 13 weeks to 25 May 2013, like-for-like sales fell by 1%, but the supermarket added that they, “broadly maintained our performance from the fourth quarter of last year".
Sales Fall At Tesco
UK sales at Tesco have fallen over the last three months, the supermarkets report shows. The report shows that in the 13 weeks to 25 May 2013, like-for-like sales fell by 1%, but the supermarket added that they, “broadly maintained our performance from the fourth quarter of last year".
09 May 2013
Morrisons Record 2.6% Fall In Sales
Morrisons has said it has experienced a "solid start" to its financial year, despite falling sales. Over the first quarter of the year, sales have fallen by 2.6%. The figures, on a like-for-like basis, include fuel sales, but total sales contracted by 0.3% as new store openings helped to bolster the business.
Morrisons Record 2.6% Fall In Sales
Morrisons has said it has experienced a "solid start" to its financial year, despite falling sales. Over the first quarter of the year, sales have fallen by 2.6%. The figures, on a like-for-like basis, include fuel sales, but total sales contracted by 0.3% as new store openings helped to bolster the business.
14 August 2013
Scottish Sales 'Outpace UK Sales' In July
The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
Scottish Sales 'Outpace UK Sales' In July
The latest SRC-KPMG Scottish Retail Sales Monitor has revealed that Scottish sales outpaced its UK counterpart for the month of July. It is thought Andy Murray's triumph at Wimbledon, as well as the sustained period of hot weather combined to give Scotland's high streets their best performance for two years.
02 October 2008
Sales Slump At M&S
Profits at the up-market national retailer, Marks & Spencer have slumped. The company's 'bottom line' fell by around 6.1% in the three months up to September. The retailer's results have shown, for the first time, how the current squeeze on consumer spending-power is adversely affecting certain sectors of the high street.
Sales Slump At M&S
Profits at the up-market national retailer, Marks & Spencer have slumped. The company's 'bottom line' fell by around 6.1% in the three months up to September. The retailer's results have shown, for the first time, how the current squeeze on consumer spending-power is adversely affecting certain sectors of the high street.
17 February 2005
Quarterly sales flat in 'uncertain' consumer outlook
The latest figures for retail sales in the UK show that in the three months to January the seasonally adjusted index for retail sales remained flat and though the overall sales trend is on a par with the previous three months, the outlook remains uncertain.
Quarterly sales flat in 'uncertain' consumer outlook
The latest figures for retail sales in the UK show that in the three months to January the seasonally adjusted index for retail sales remained flat and though the overall sales trend is on a par with the previous three months, the outlook remains uncertain.
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