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Last Updated: Thursday, 22 November 2007, 09:44 GMT
Morrisons sees sales accelerate
Morrisons store
Morrisons is the UK's fourth-largest supermarket group
Supermarket chain Morrisons has reported a pick up in sales over recent weeks, helped by a rebranding and a new advertising campaign.

Like-for-like sales excluding fuel in the 14 weeks to 4 November rose 3.7%, at the top end of forecasts and up from 3% growth in the first seven weeks.

The UK's fourth-largest supermarket said it was "encouraged" by the growth.

However, the Bradford-based retailer added that it remained cautious on the outlook for consumer spending.

Despite this, chief executive Marc Bolland said that he was "delighted" at the progress being made by the company.

The roll out of the new branding is under way and set to be completed by 2008, Morrisons said.

The firm also said that its new advertising campaign, which features celebrities such as Alan Hansen, Lulu and Denise van Outen, has been "very well received" by customers.

"The current strong advertising campaign is clearly having an impact and Morrisons' attempts to carve out a niche are showing some signs of success," said Richard Hunter, head of UK equities at Hargreaves Lansdown Stockbrokers.



SEE ALSO
Morrisons sees surge in profits
20 Sep 07 |  Business
Probe says 'too few supermarkets'
31 Oct 07 |  Business
Morrisons tries for a new image
15 Mar 07 |  Business

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