Latest news with #MattHeslop
Yahoo
28-03-2025
- Business
- Yahoo
Morrisons reports growth in Q1 2024/25 with sales up 2.4%
British supermarket Morrisons has reported that its total sales for the first quarter (Q1) of the fiscal year 2024/25 (FY24/25) rose 2.4%, bringing the figure to £4.0bn ($5.1bn). Within the period, the retailer witnessed a 2.1% rise in like-for-like (LFL) sales, alongside a record high number of card-linked sales, which now account for 78% of total sales, with rewards available on every product. Morrisons also identified additional cost savings of £56m during the quarter, contributing to an overall saving of £668m since the commencement of its cost-cutting initiatives. The retailer has revised its savings target from £700m to £1bn over the medium term. Over the quarter, the company bolstered its leadership team by appointing Andrew Staniland as group trading director for food, Matt Heslop as director of convenience and wholesale, and Matt McLellan as group data and media director. Morrisons chief executive Rami Baitiéh stated: 'Despite a challenging environment, Morrisons has made exceptional progress in a very short time and that is entirely down to the hard work, positivity, talent and customer focus of the colleagues in our stores, in our food-making sites and in our operations across the country.' In a separate development, Morrisons is introducing "Mums-only" checkouts in all its stores for one day - Mothers Day 2025, celebrated on Sunday 30 March. This one-day event will see the retailer open 497 "Mums' Lanes". Morrisons marketing events head Gareth Lloyd said: 'The reality is that many mums still end up doing chores like the weekly shop on Mother's Day – even though it is supposed to be the day that they are spoiled! Therefore, we've launched Mums' Lanes in stores to give a little something back to all the mums shopping with us on their special day.' The retailer recently unveiled a comprehensive plan that includes closure of 17 convenience stores, 13 florist shops and others to revitalise its business operations. "Morrisons reports growth in Q1 2024/25 with sales up 2.4%" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
03-03-2025
- Business
- Yahoo
Morrisons bolsters leadership with three new appointments
UK supermarket chain Morrisons has enhanced its senior leadership with the appointment of three industry veterans and the formalisation of key internal roles. The company appointed Matt Heslop as director of convenience and wholesale. Heslop has more than two decades of experience at Lidl, including a stint as chief operating officer, and is a board member. Matt McLellan will assume the newly created role of group data and media director in mid-2025. Prior to joining Morrisons, McLellan served as vice-president of customer planning and proposition at Asda. The company also appointed Bruno Lebon as the new group trading director, Non-Food. Lebon's expertise will complement that of Andrew Staniland, who recently began his role as Morrisons group trading director. The new hires will report directly to CEO Rami Baitiéh. Morrisons has also made pivotal internal promotions, naming Martin Dawson group retail director after he had served as interim operations director of retail since February 2024. Charlotte Exell advances from online operations director to online director, assuming full responsibility for Morrisons' online offerings. Rachel Eyre, chief customer and marketing officer, returns from maternity leave on 3 March 2025. Morrisons' leadership expansion comes as the retailer reported a 4.9% increase in Group like-for-like (LFL) sales for Q4 and a 4.1% increase for fiscal 2023/24, marking eight consecutive quarters of positive LFL sales. The fourth quarter exhibited the most substantial LFL sales improvement in almost four years, with More Card linked sales now constituting 76%. CEO Rami Baitiéh stated: 'I'm very pleased to welcome three outstanding retailers to the Morrisons leadership team and to warmly welcome Rachel back from her maternity leave. 'All the new joiners have exceptional records in their fields and bring deep experience, a history of delivering growth and a clear customer focus. As Morrisons continues its re-invigoration and growth, their skills and their passion for the customer will make them a powerful addition to our team.' In February 2025, Morrisons joined forces with discount platform Purpl to extend an exclusive online discount initiative for the disabled community in the UK. "Morrisons bolsters leadership with three new appointments " was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
