UK supermarket group Wm Morrison has announced record-breaking sales over the Christmas period.
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Morrison said that in the 6 weeks to 4 January total sales were 16.0% above last year, helped by new store openings. The company said it opened nine new stores, of which three were replacements, since the same period last year.
Excluding both new and recently closed stores like-for-like sales increased by 10.2%, or 9.6% excluding petrol.
Food sales rose 14.5% in the six weeks, compared to the year-ago period, while like-for-like food sales rose 9.4%.
The company said that in the first 48 weeks of its financial year to 1 February 2004 sales were 15.4% ahead of last year with like-for-like sales 9.3% higher, or 8.4% excluding petrol.
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By GlobalDataMorrison said documents outlining its takeover bid would be sent to Safeway shareholders in the week beginning 19 January. Documents seeking approval from Morrison’s shareholders will also be sent out at the same time and the transaction is expected to complete in March 2004, the retailer said.
