‘Caution’ but sales are up

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SUPERMARKET chain Morrisons has seen sales rise in the quarter year up to May 1 – but remains cautious because of the uncertain economy.

Total sales excluding fuel were up by 4.2 per cent and by 7.3 per cent if fuel is factored in.

Like-for-like sales grew by 2.5 per cent – or by 5.8 per cent if fuel is included – during the same period.

A spokesman said: “The board is encouraged by the group’s progress in the first quarter but with consumers’ disposable incomes falling and an uncertain economic environment, we remain cautious.”

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