Latest news with #MorrisonsDaily
South Wales Guardian
a day ago
- Business
- South Wales Guardian
Morrisons ‘bounces back' from cyber attack despite pressure on shoppers
However, it came as the UK's fifth-largest supermarket chain warned that rising inflation is driving 'subdued' sentiment among shoppers. On Thursday, the Bradford-based grocery business revealed that group sales grew by 4.2% to £3.9 billion for the 13 weeks to April 27, compared with the same quarter a year earlier. Rami Baitieh, chief executive of Morrisons, said he was 'pleased to report that Morrisons has bounced back strongly' from disruption linked to a cyber attack on its technology supplier Blue Yonder in November. The retailer had previously said the incident caused slower sales growth in the quarter to January and highlighted that its recent turnaround progress was 'set back' by the issue. The company was unable to see its product availability and stock levels for four days, leading to reduced availability in stores over the key trading period. However, Morrisons saw sales growth accelerate from 4.2% in the previous quarter to 4.3%, with a like-for-like growth figure of 3.9%. Meanwhile, underlying earnings grew by 7.2% to £344 million for the first half of its financial year. Bosses said the business had seen sales supported by investment into pricing and promotions amid intense competition across the sector and pressure on customer budgets. Mr Baitieh added: 'Against the backdrop of a challenging macro environment with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. 'Throughout the first half we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty.' It comes as the company pushes on with its major turnaround plan, which has seen it overhaul a raft of store operations. In March, Morrisons announced that 365 staff were at risk of redundancy because of plans to close some of its cafes, convenience stores, florists and fresh food counters. As a result, it said it would shut 52 cafes, all 18 market kitchens, 17 Morrisons Daily convenience stores, 13 florists, 35 meat counters, 35 fish counters and four pharmacies. In its latest update, Morrisons said it has launched new trials including a new-look Market Street section within its stores. Morrisons added that it made a further £58 million in cost savings over the latest quarter, amid plans to save £1 billion by the end of the 2026 financial year.
Glasgow Times
a day ago
- Business
- Glasgow Times
Morrisons ‘bounces back' from cyber attack despite pressure on shoppers
However, it came as the UK's fifth-largest supermarket chain warned that rising inflation is driving 'subdued' sentiment among shoppers. On Thursday, the Bradford-based grocery business revealed that group sales grew by 4.2% to £3.9 billion for the 13 weeks to April 27, compared with the same quarter a year earlier. Rami Baitieh, chief executive of Morrisons, said he was 'pleased to report that Morrisons has bounced back strongly' from disruption linked to a cyber attack on its technology supplier Blue Yonder in November. The retailer had previously said the incident caused slower sales growth in the quarter to January and highlighted that its recent turnaround progress was 'set back' by the issue. The company was unable to see its product availability and stock levels for four days, leading to reduced availability in stores over the key trading period. However, Morrisons saw sales growth accelerate from 4.2% in the previous quarter to 4.3%, with a like-for-like growth figure of 3.9%. Meanwhile, underlying earnings grew by 7.2% to £344 million for the first half of its financial year. Bosses said the business had seen sales supported by investment into pricing and promotions amid intense competition across the sector and pressure on customer budgets. Mr Baitieh added: 'Against the backdrop of a challenging macro environment with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. 'Throughout the first half we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty.' It comes as the company pushes on with its major turnaround plan, which has seen it overhaul a raft of store operations. In March, Morrisons announced that 365 staff were at risk of redundancy because of plans to close some of its cafes, convenience stores, florists and fresh food counters. As a result, it said it would shut 52 cafes, all 18 market kitchens, 17 Morrisons Daily convenience stores, 13 florists, 35 meat counters, 35 fish counters and four pharmacies. In its latest update, Morrisons said it has launched new trials including a new-look Market Street section within its stores. Morrisons added that it made a further £58 million in cost savings over the latest quarter, amid plans to save £1 billion by the end of the 2026 financial year.
Western Telegraph
a day ago
- Business
- Western Telegraph
Morrisons ‘bounces back' from cyber attack despite pressure on shoppers
However, it came as the UK's fifth-largest supermarket chain warned that rising inflation is driving 'subdued' sentiment among shoppers. On Thursday, the Bradford-based grocery business revealed that group sales grew by 4.2% to £3.9 billion for the 13 weeks to April 27, compared with the same quarter a year earlier. Rami Baitieh, chief executive of Morrisons, said he was 'pleased to report that Morrisons has bounced back strongly' from disruption linked to a cyber attack on its technology supplier Blue Yonder in November. The retailer had previously said the incident caused slower sales growth in the quarter to January and highlighted that its recent turnaround progress was 'set back' by the issue. The company was unable to see its product availability and stock levels for four days, leading to reduced availability in stores over the key trading period. However, Morrisons saw sales growth accelerate from 4.2% in the previous quarter to 4.3%, with a like-for-like growth figure of 3.9%. Meanwhile, underlying earnings grew by 7.2% to £344 million for the first half of its financial year. Bosses said the business had seen sales supported by investment into pricing and promotions amid intense competition across the sector and pressure on customer budgets. Mr Baitieh added: 'Against the backdrop of a challenging macro environment with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. 'Throughout the first half we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty.' It comes as the company pushes on with its major turnaround plan, which has seen it overhaul a raft of store operations. In March, Morrisons announced that 365 staff were at risk of redundancy because of plans to close some of its cafes, convenience stores, florists and fresh food counters. As a result, it said it would shut 52 cafes, all 18 market kitchens, 17 Morrisons Daily convenience stores, 13 florists, 35 meat counters, 35 fish counters and four pharmacies. In its latest update, Morrisons said it has launched new trials including a new-look Market Street section within its stores. Morrisons added that it made a further £58 million in cost savings over the latest quarter, amid plans to save £1 billion by the end of the 2026 financial year.
Rhyl Journal
a day ago
- Business
- Rhyl Journal
Morrisons ‘bounces back' from cyber attack despite pressure on shoppers
However, it came as the UK's fifth-largest supermarket chain warned that rising inflation is driving 'subdued' sentiment among shoppers. On Thursday, the Bradford-based grocery business revealed that group sales grew by 4.2% to £3.9 billion for the 13 weeks to April 27, compared with the same quarter a year earlier. Rami Baitieh, chief executive of Morrisons, said he was 'pleased to report that Morrisons has bounced back strongly' from disruption linked to a cyber attack on its technology supplier Blue Yonder in November. The retailer had previously said the incident caused slower sales growth in the quarter to January and highlighted that its recent turnaround progress was 'set back' by the issue. The company was unable to see its product availability and stock levels for four days, leading to reduced availability in stores over the key trading period. However, Morrisons saw sales growth accelerate from 4.2% in the previous quarter to 4.3%, with a like-for-like growth figure of 3.9%. Meanwhile, underlying earnings grew by 7.2% to £344 million for the first half of its financial year. Bosses said the business had seen sales supported by investment into pricing and promotions amid intense competition across the sector and pressure on customer budgets. Mr Baitieh added: 'Against the backdrop of a challenging macro environment with inflation driving subdued consumer sentiment, value remains at the forefront of customers' minds. 'Throughout the first half we've worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty.' It comes as the company pushes on with its major turnaround plan, which has seen it overhaul a raft of store operations. In March, Morrisons announced that 365 staff were at risk of redundancy because of plans to close some of its cafes, convenience stores, florists and fresh food counters. As a result, it said it would shut 52 cafes, all 18 market kitchens, 17 Morrisons Daily convenience stores, 13 florists, 35 meat counters, 35 fish counters and four pharmacies. In its latest update, Morrisons said it has launched new trials including a new-look Market Street section within its stores. Morrisons added that it made a further £58 million in cost savings over the latest quarter, amid plans to save £1 billion by the end of the 2026 financial year.
The Sun
2 days ago
- Business
- The Sun
Morrisons warning for thousands to visit shops before Sunday – or lose out on chance to claim £30 worth of free products
MORRISONS shoppers have just days left to cash in on a popular loyalty scheme – or risk losing out on premium kitchen gear worth up to £30. The supermarket has warned customers that they must redeem their More Card Stamps in-store by Sunday, June 22, or their stamps will go to waste. 2 The offer, available across Morrisons supermarkets in the UK, excludes online orders, Click & Collect, Morrisons Daily convenience stores, Amazon, petrol stations and Gibraltar branches. It's all part of a recent More Card promotion, launched earlier this year, which has seen customers bag free Pyrex products by collecting digital stamps with their weekly shop. The deal, which has proved hugely popular with loyal Morrisons shoppers, allowed customers to collect one stamp for every spend over £10. With enough stamps, customers could walk away with premium Pyrex items – including dishes, containers and a hand pump – completely free. Lilly Chattoe, Senior Loyalty Marketing Manager at Morrisons, said: 'Our More Card Stamps loyalty program has been incredibly popular, with fans of the Pyrex range being quick to collect their stamps in exchange for a product or two, or more. 'As we reach the final week of the offer, we're reminding customers that haven't yet redeemed their stamps to do so quickly before it runs out.' Items up for grabs include a 600ML round dish, 800ML rectangular dish, 1100ML round, 1500ML rectangular, 1600ML round and a huge 2600ML rectangular Pyrex dish. A branded hand pump is also part of the range. But anyone who hasn't used their stamps by the Sunday deadline will lose them for good – even if they've already done the shopping to earn them. This isn't the first time supermarket shoppers have been caught out by loyalty scheme cut-offs. Earlier this year, Tesco scrapped its popular Clubcard app, forcing millions to switch over to the new Tesco Grocery & Clubcard app by a set deadline. Many shoppers who didn't update in time lost access to their points and vouchers. Meanwhile, Sainsbury's replaced its well-known Nectar Double Up event – where customers could double the value of their points on selected products – with a range of smaller, more targeted offers, leaving regulars disappointed. And Boots customers were left fuming last summer when the high street chain cut its Advantage Card rewards rate from 4p to 3p per £1 spent – giving shoppers less bang for their buck. Now Morrisons fans are being urged not to make the same mistake. To take part in the promotion, customers must be a More Card member, either through the app or with a physical card. Stamps can be tracked through the app or printed on the bottom of receipts. 2
