Morrisons, one of the ‘big four’ UK retailers, today reported a better-than-expected Christmas trading period after a “muted” start.
The six weeks to January 7 saw like-for-like sales growth, excluding fuel, up 6.3 per cent. This marks an increase on the 5.9 per cent growth reported in the eight weeks to 17 September.
The week before Christmas saw record trading whilst the post-Christmas period was “well controlled” with wastage and markdowns in the following week 20 per cent better than the previous year, according to Morrisons.
But the six-week period to January 7 featured an additional trading day for which the like-for-like sales figure has not been adjusted. The retailer said the normalized like-for-like sales number would have been close to expectations.
A set of full-year numbers will be released on March 15.
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