Govt urged to cut fuel duty

Morrisons boss Dalton Philips has called on the government to cut fuel duty and says that it is the biggest thing they could do to help customers having difficult times.

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Morrisons' online 'will benefit from last mover advantages'

Dalton Philips, Morrisons CEO has said that the supermarket's late entry to the online market will prove to be an advantage.

Mr Philips told ITV News, "There are often 'last mover' advantages because you can learn where others have made mistakes.

"It's a market that's growing really quickly, we've been doing it for about two years in a smaller way...so we've been learning a lot in the last 24 months - now it's time to accelerate."

Morrisons are currently in talks with Ocado over possible online offerings.

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Morrisons profit drops 7% to £879 million

Morrisons has admitted that its performance fell short of expectations after reporting a 7% drop in full-year profits to £879 million.

The supermarket, which generated sales of £18.1 billion in the year, said it had not done enough to communicate its promotions and suffered because it still lacked a meaningful presence in the two fastest growing sectors of the market.

The UK's fourth-biggest grocer, which employs 129,000 staff at 498 stores, said like-for-like sales dropped 2.1% in the year, while the average of 11.4 million customers in its stores each week was down on the prior year.

Morrisons to launch online food by January 2014

Morrisons has said it plans to launch an online food offer by January 2014 to better compete with rivals as it posted its first fall in full-year profits for six years.

Unlike the other grocers that make up Britain's so called "big four" - market leader Tesco, Wal-Mart's Asda and J Sainsbury - Morrisons currently does not have a website for the home delivery of food.

Morrisons is in talks with British online grocer Ocado which could lead to some form of partnership deal, but has said its online offering would not be dependant on the Ocada talks.

Today's announcement that we are launching an online food offer in 2014 is another important step in Morrisons strategy of being 'Different and Better than Ever'. We may be a late entrant to the online food market but we have learnt from our involvement with Kiddicare and Fresh Direct. We have long been a leader in fresh food and our craft skills and vertical integration really set us apart 3 from the competition. Ensuring that these points of difference translate into our online food offer will be a priority.

– DALTON PHILIPS, MORRISONS CHIEF EXECUTIVE

Morrisons 'laying the foundations for future growth'

Although this has been a difficult year in trading terms for Morrisons as we struggled to grow sales in a tough consumer environment, we have delivered a 7% improvement in underlying earnings per share and announced a 10% dividend increase, in line with our previously stated policy. It has also been a period of significant strategic progress as we continue to lay the foundations for future growth.

– Sir Ian Gibson, Morrisons Chairman

Morrisons: 'Pressure on consumer spending' responsible for poor results

The sustained pressure on consumer spending was reflected in our like-for-like sales performance, which was not as good as it should have been. We have implemented a range of measures to address this and are making good progress in improving our promotional effectiveness and in communicating our points of difference.

Recent events have underlined why it's so important that we tell our customers how and why we're different and what our vertical integration really means for them. Food quality, provenance and the issue of trust are at the forefront of consumers' minds and these are all areas where Morrisons has something genuinely different to offer.

– Dalton Philips, Morrisons Chief Executive

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Report: Morrisons in talks with Ocado for online venture

This morning the company will post its full-year results, but according to Sky, is not in a position to announce its joint venture with Ocado at this stage.

A general view of Morrisons supermarket trolleys in Essex Credit: Sean Dempsey/PA Archive

The publication said that although talks had been in place, they might not lead to an agreement.

Morrisons is expected to signal the company's move into online retailing this morning, along with a possible loss in sales profits.

Report: Chief exec to unveil online and sales strategy

A big fall in profits is expected from supermarket chain Morrisons as the company reveals its full-year results today.

Recently, the company acquired TV personalities Ant and Dec to front a series of new adverts for the stores.

It is thought that these are part of new measures to get shoppers back in stores, the Guardian reports.

The newspaper added that chief executive Dalton Philips could today unveil his strategy for tackling the issue of a fall in sales, and the lack of a full online grocery.

A further fall in sales expected for Morrisons

Supermarket chain Morrisons is expected to announce a drop in sales today.

In the quarter to 28th October last year, sales were "lower than anticipated", a statement on the Morrisons website said.

  • Total sales (exc VAT) excluding fuel were down by 0.4 per cent (up 0.2 per cent including fuel)
  • Like for like sales (exc VAT) were down 2.1 per cent (down 1.3 per cent including fuel)

Source: Wm Morrison Supermarkets PLC

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