{"id":417841,"date":"2011-05-05T07:11:53","date_gmt":"2011-05-05T07:11:53","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/05\/morrisons-wary-despite-sales-rise\/"},"modified":"2011-05-05T07:11:53","modified_gmt":"2011-05-05T07:11:53","slug":"morrisons-wary-despite-sales-rise","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/05\/morrisons-wary-despite-sales-rise\/","title":{"rendered":"Morrisons wary despite sales rise"},"content":{"rendered":"

5 May 2011<\/span> Last updated at<\/span> 03:11 ET<\/span><\/span><\/p>\n

Supermarket group Morrisons has posted stronger-than-expected sales but says it remains “cautious” given the financial pressures facing shoppers.<\/p>\n

Like-for-like sales – which strip out the impact of new stores – excluding petrol rose 2.5% from a year ago in the 13 weeks to 1 May, ahead of forecasts.<\/p>\n

Promotional campaigns around the Easter and royal wedding weekends had boosted trade, the Bradford-based firm said.<\/p>\n

But looking ahead it noted that economic conditions remained tough.<\/p>\n

“The board is encouraged by the group’s progress in the first quarter but with consumers’ disposable incomes falling and an uncertain economic environment, we remain cautious,” Morrisons said.<\/p>\n

On Wednesday, fashion retailer Next raised its annual profits forecast after saying that the recent hot weather had boosted sales at its stores.<\/p>\n

However, Next added that it did not expect this sales lift to continue over the next few months.<\/p>\n<\/div>\n

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\nMorrisons wary despite sales rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

5 May 2011 Last updated at 03:11 ET Supermarket group Morrisons has posted stronger-than-expected sales but says it remains “cautious” given the financial pressures facing shoppers. Like-for-like sales – which strip out the impact of new stores – excluding petrol rose 2.5% from a year ago in the 13 weeks to 1 May, ahead of forecasts. Promotional campaigns around the Easter and royal wedding weekends had boosted trade, the Bradford-based firm said<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-417841","post","type-post","status-publish","format-standard"],"yoast_head":"\nMorrisons wary despite sales rise - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/05\/05\/morrisons-wary-despite-sales-rise\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morrisons wary despite sales rise - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"5 May 2011 Last updated at 03:11 ET Supermarket group Morrisons has posted stronger-than-expected sales but says it remains "cautious" given the financial pressures facing shoppers. 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