Sunday, 6 January 2013

Mixed sales results over Christmas period

http://www.dailymail.co.uk/news/article-2258255/Stores-miss-Christmas-gift-shoppers-Worrying-trading-figures-expected-biggest-chains.html

http://www.dailymail.co.uk/news/article-2258054/Supermarket-chain-Morrisons-expected-come-pressure-Christmas-results-fall-sales.html

Morrisons reported a profit of £947m in 2011, up 8.4% on the previous year.

In 2012 : Pre-tax profits for the six months to 29 July were £440m, down £9m (2%) on the period last year.  Like-for-like sales, excluding VAT and petrol sales, fell 0.9%, compared with a 2.2% rise last time.

So profits drop by 2% after having increased 8.4% the year before, and it is under pressure.

Again : the lie is exposed. If this organisation really is under pressure over 2% falls after an 8.4% rise, this company's values can only be founded on a false foundations. It needs a true foundation, not a false one.

In August this year Morrisons made 30 property staff redundant.

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