Morrisons wholesale arm drives like-for-like rise in first quarter
Morrisons has unveiled positive like-for-like sales in the first quarter for the fourth consecutive year, driven by the strength of its wholesale business.
The grocer’s like-for-like sales excluding fuel rose by 2.3% for the 13 weeks to May 5, 2019, while total sales saw a 2.4% uptick.
The retailer put this down to the “good progress” being made by its wholesale arm, which was responsible for 2.1% growth in the first quarter, compared with the 0.2% growth of its retail arm.
Morrisons said that the first conversions of former McColl’s stores to Morrisons Daily fascias and MPK petrol forecourts to either Morrisons or Safeway Daily have “started well” and were driving “strong sales increases”.
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