Morrisons LFLs down 2.7%, reveals plans to sell 11 stores

first_imgMorrisons saw like-for-like sales (LFLs) drop by 2.7% in its first half – and has announced plans to close 11 stores.In its interim results for the half year to 2 August, the supermarket said total turnover fell 5.1% to £81bn, while store turnover, excluding fuel, was down 1.1% to £6.4bn.Profit before tax dropped by 47% to £126m during the period. Morrisons said that its store closure programme would also incur a one off cost of £20mYesterday, the supermarket chain said it was selling 140 M Local convenience stores to a team of investors, led by Mike Greene and backed by Greybull Capital for about £25m in cash.ListensDavid Potts, chief executive, said: “Since joining Morrisons, I have been struck by the passion and commitment of all our colleagues, and I want to thank them for their continued good work. Our colleagues have the key role in delivering an improved shopping trip for customers both in stores and online. Morrisons will be an organisation that listens. During the first half, the new executive and leadership teams have been listening hard to colleagues, customers, suppliers and shareholders. They tell us there is a lot for us to do.”Morrisons said it would work on six priorities to build on its strengths and improve the customer shopping trip. These were:To be more competitiveTo serve customers betterFind local solutionsDevelop popular and useful servicesTo simplify and speed up the organisationTo make the core supermarkets strong againPotts added: “The immediate priority is to deliver a better shopping trip to stabilise trading performance. Our six strategic priorities will then deliver improvement in the core supermarkets, where we have the greatest opportunity.“It will be a long journey. We approach the challenge with energy, confidence and many strengths, particularly our strong balance sheet and cash flow, which enables investment in improving the customer shopping trip.”last_img read more

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Andy Race – Brookville

first_imgThose surviving who will cherish Andy’s memory include his parents, Hoss and Peggy Race; siblings, John (Trisha) Race, Cathy (Dutch) Stockhoff, Susan (Aynsley) Ball, and Ann (Shane Ochs) Race; 8 nieces and nephews, and numerous other relatives and friends.  He was preceded in death by his grandparents, Rudy and Betty Race, and Charlie and Eileen Fledderman, an uncle, Roger Race and a cousin, Ryan Raines. Friends may visit with the family on Thursday, January 18, 2018 from 4 until 8 p.m. at Cook Rosenberger Funeral Home, 929 Main Street, Brookville.  A Mass of Christian burial will be held Friday at 10:30 a.m. at St. Michael Catholic Church.  Burial will follow at Saints Philomena and Cecilia Cemetery, Oak Forest. Andrew Lee Race, of Brookville, was born on November 28, 1979 in Oxford, Ohio, the son of Robert “Hoss” and Margaret “Peggy” Fledderman Race.  He graduated from Franklin County High School in 1998 and was most recently working as a carpenter.  He loved cooking, traveling and had an adventure for life.  Andy enjoyed sports – his favorite teams being Butler, Florida State, and anyone playing Alabama.  He adored spending time with his nieces and nephews as they meant the world to him.  On Thursday, January 11, 2018 at the age of 38, Andy passed away at his residence.center_img Memorial contributions can be directed to the Hope House in Richmond, 275 Grove Road, Richmond IN 47375 or for Masses.  To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com.  The staff of Cook Rosenberger Funeral Home is honored to care for the family of Andy Race.last_img read more

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