Morrisons profit sinks as Covid costs outweigh sales boost September 10, 2020 Morrisons today reported higher sales for the first half of the year but said costs related to Covid-19 safety measures had hit profit. The figures Morrisons reported total revenue of £8.73bn, down 1.1 per cent on the same period last year. But like-for-like sales excluding fuel rose 8.7 per cent. Statutory profit before tax fell [...]
Morrisons extends faster payment scheme for small suppliers June 8, 2020 Morrisons will continue to make immediate payments to its smaller suppliers for a further three months to support them during the ongoing coronavirus crisis, the grocer announced this morning. The UK’s fourth largest supermarket chain introduced the faster payment scheme in March to help small farms and food producers hit by the closure of the [...]
Supermarket delivery slots: Which grocers offer home delivery amid UK coronavirus outbreak? June 3, 2020 UK supermarkets are racing to increase capacity as the demand for home delivery services soars amid the coronavirus pandemic. All UK supermarkets are prioritising home delivery slots for those who are vulnerable, elderly, disabled or self-isolating. Many have introduced special in-store shopping hours dedicated to key workers. The surge in demand following the coronavirus outbreak [...]
Morrisons retail sales surge in lockdown but fuel demand drops May 12, 2020 Morrisons retail sales jumped in the first quarter of the year due to coronavirus stockpiling, however a drop in demand for fuel hurt overall sales. Like-for-like retail sales jumped 5.1 per cent in the 14 weeks to 10 May, driven by a 10.8 per cent surge in sales between weeks 12 and 14 of the [...]
Coronavirus: Morrisons partners with Deliveroo to boost order capacity April 8, 2020 Morrisons has partnered with Deliveroo as the supermarket scrambles to increase delivery capacity to meet a surge in demand during the coronavirus pandemic. Customers can now order from a selection of 70 essential items from 130 Morrisons stores across the UK using the Deliveroo app. The range of products will be priced the same as [...]
Morrisons directors quit in corporate governance row March 26, 2020 Two Morrisons non executive directors have quit, reportedly due to a disagreement over corporate governance at the supermarket. Neil Davidson, chair of the corporate compliance and responsibility committee, and Tony van Kralingen, remuneration committee chair, have stepped down and will cease to be directors from 26 and 29 April respectively. The grocer said today that [...]
Morrisons defers dividend over coronavirus as profit rises March 18, 2020 Morrisons has announced its fourth consecutive year of profit growth, but will defer its dividend as it deals with the “unprecedented challenges” brought on by the coronavirus outbreak. Pre-tax profit rose three per cent to £408m, while sales were down 1.1 per cent to £17.5bn. Despite an increase in sales and profit growth for the [...]
Coronavirus: Morrisons ramps up delivery service to cope with demand March 17, 2020 Morrisons has launched a range of measures to help customers and employees during the coronavirus pandemic, including ramping up delivery options and a hardship fund for workers. The grocer has expanded its home delivery service including extra slots, a new range of “simple to order food parcels” and a phone ordering option for those without [...]
Morrisons moves to support supply chain through coronavirus outbreak March 13, 2020 Morrisons will make immediate payments to smaller businesses and re-classify suppliers to help 1,000 more firms as it moves to protect its supply chain from the impact of coronavirus. The grocer will temporarily scrap its 14 day payment terms and pay small suppliers as soon as an invoice is received. Morrisons also said it will [...]
Morrisons sales fall in ‘unusually challenging’ Christmas period January 7, 2020 Supermarket giant Morrisons has announced a drop in sales for the Christmas period amid “unusually challenging” trading conditions and “sustained” customer uncertainty. Group like-for-like sales excluding fuel fell 1.7 per cent for the 22 weeks to 5 January. Including fuel, the drop was 2.8 per cent. Total sales excluding fuel were down 1.3 per cent, [...]