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UK’s Morrisons Sees Boosted Core Earnings

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.

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.

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Tags: c-storegrocerysupermarket
4 months ago

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