Morrisons sees Christmas sales jump - News in brief - Evening Standard
       

Morrisons sees Christmas sales jump

Supermarket chain Morrisons has continued to outperform its rivals after it revealed like-for-like sales jumped 8.2% over Christmas.

The group reported record levels of trade across the 382 stores in its estate, helped by its focus on fresh food and promotional offers.

The latest industry data recently showed Morrisons notched up its highest ever market share in the 12 weeks to December 28, with TNS Worldpanel reporting a figure of 11.9% - adding to the pressure on market leader Tesco.

Sainsbury's posted a like-for-like sales rise of 4.5% over the Christmas period, while Tesco managed an improvement of 2.5%.

The latest sales figure, which excludes fuel, was slightly higher than market expectations of 8%.

Morrisons recently completed the rebranding of its stores as part of a three-year turnaround plan led by chief executive Marc Bolland, following the problems caused by its takeover of Safeway in 2004.

The UK's fourth biggest supermarket chain also re-launched cheaper lines, slashed prices and launched promotions, including Sunday lunch for four for £4.

The company said its expectations for 2008/09 profits remained unchanged following the Christmas trading update.

It added: "We remain cautious on the outlook for consumer spending and we expect the market to remain challenging.

"In this environment we believe Morrisons value credentials will serve us and our customers well."

News in brief in Pictures

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity