Skip navigation

Gloucestershire Business News

Morrisons sales grow as overall grocery sales are up

Grocery sales are up by 3.7 per cent over the last quarter, with Morrisons growing faster than its big four rivals.

Figures from Kantar Worldpanel  show that the grocery market grew at its fastest rate since September 2013, in the 12 weeks to 23rd April 2017. The rise is worth almost £1bn in additional sales to the UK grocery sector.

While all of the big four supermarkets have seen their sales increase, it is Morrisons which has seen the biggest jump, with like-for-like sales up by 3.4 per cent, as reported by the BBC . The chain has managed to keep prices competitive, despite the fall in the value of the pound since the Brexit vote.

Closing the M convenience stores and introducing 'The Best' premium line, which has attracted more affluent shoppers to the stores, have helped boost sales at Morrisons.

Sainsburys saw the smallest growth of the big four retailers, with a 1.7 per cent sales rise. Sales of fruit, vegetables and salad were up by 2.6 per cent, suggesting the 'Food Dancing' campaign has got more people interested in cooking from scratch. But stronger growth among its rivals meant the supermarket's market share fell to 16.1 per cent.

Related Articles

EXCLUSIVE: Gigantic business park green lit next to M5 J12 Image

EXCLUSIVE: Gigantic business park green lit next to M5 J12

A developer has been given the nod to build four logistics warehouses next to the county's incinerator

All eyes on Gloucester as Channel 4 News hosts key debate Image

All eyes on Gloucester as Channel 4 News hosts key debate

Bellwether city was national focus for seismic election year.

EXCLUSIVE: Gloucester Quays bosses respond to sale rumours Image

EXCLUSIVE: Gloucester Quays bosses respond to sale rumours

Peel Retail & Leisure has commented on reports it was preparing to sell the asset for £85m

Woman arrested following suspected stabbing in Gloucester Image

Woman arrested following suspected stabbing in Gloucester

A man was taken to hospital with serious injuries

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.