All change for Morrisons
It's almost time for Morrisons' new chief executive to take the hot seat. But the board of the supermarket chain has already stated that they are confident in the performance of the business as new growth targets have been set.
Their annual profits are reportedly up to £767m and there are already plans to open around 60 more supermarkets over the next three years creating hundreds of new food jobs across the country.
Morrisons seem very pleased with their performance so far and say that the new chief executive will not have to transform the store after Marc Bolland's shock departure. He has gone on to work for Marks and Spencer but has left behind a strong business for Philips to get to grips with.
The supermarket has now fully recovered from the struggle caused by Morrisons' takeover of Safeway. Some of this is due to the fact that customers are now spending more at the shop with the average basket going up from £22.48 to £23.08 in one year.
It was the fastest growing of the big four supermarkets over the Christmas period and sales are reportedly growing 2.5% ahead of the market.
So things are going well for Morrisons. And it will be interesting to see whether they continue to flourish when they begin to open their new stores across the country.
Their annual profits are reportedly up to £767m and there are already plans to open around 60 more supermarkets over the next three years creating hundreds of new food jobs across the country.
Morrisons seem very pleased with their performance so far and say that the new chief executive will not have to transform the store after Marc Bolland's shock departure. He has gone on to work for Marks and Spencer but has left behind a strong business for Philips to get to grips with.
The supermarket has now fully recovered from the struggle caused by Morrisons' takeover of Safeway. Some of this is due to the fact that customers are now spending more at the shop with the average basket going up from £22.48 to £23.08 in one year.
It was the fastest growing of the big four supermarkets over the Christmas period and sales are reportedly growing 2.5% ahead of the market.
So things are going well for Morrisons. And it will be interesting to see whether they continue to flourish when they begin to open their new stores across the country.
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