Morrisons has attributed a 1.3 per cent rise in like-for-like sales in the last quarter to a slight increase in retail price inflation.
The supermarket group Morrisons said it had delivered a solid performance in the 13 weeks to October 31 with pressure on consumer spending holding back sales.
The 1.3 per cent increase for same-store growth compared with a rise of 0.9 per cent in the six months to 1 August, a period when Morrisons racked up profits of £412 million.
Morrisons warned in September that it anticipated a low level of market growth in the remainder of 2010, with a slight rise in prices due to the re-emergence of some commodity price pressures.
Total sales in the third quarter were up by 2.8 per cent and ahead by 4.7 per cent when including petrol forecourt sales.
The retailer said in a statement: “Following the annualisation of the opening of the stores we acquired from the Co-Operative Group last year, our total sales performance in the quarter was in line with market growth. In this period we opened seven new stores, including one replacement, and are on track to meet our target of adding 400,000 sqft of new space during the year.”
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