Headlines

UK’s Morrisons Sees Boosted Core Earnings

The supermarket chain credits competitive prices and customer loyalty for boost

Published

3 months ago

January 31, 2024

VMSD Staff

UK’s Morrisons Sees Boosted Core Earnings — PHOTOGRAPHY: Wirestock/iStock.com

PHOTOGRAPHY: Wirestock/iStock.com

Supermarket chain Morrisons (Bradford, England) announced its core earnings were up 6.5 percent in 2023.

Competitive prices in the grocery and supermarket sector and a new customer loyalty improved its sales, according to the company. Morrisons has been owned by U.S. private equity group Clayton, Dubilier & Rice since 2021.

“We are developing plans to reinvigorate, refresh and strengthen Morrisons,” Morrisons CEO Rami Baitiéh said Wednesday.

Related Topics:c-store grocery supermarket

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

click to Comment(Comment)

Up Next

Well-Known NC Jeweler Gene Starnes Dies at 82

Don't Miss

H&M CEO Exits Abruptly Amid Declining Sales

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design