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Morrisons to test online shopping

September 9th, 2009

The UK's fourth biggest grocer, Morrisons, has said it hopes to trial online shopping and convenience stores next year.

The Yorkshire-based firm also announced half-yearly profit before tax of £410m, against profit of £359m a year before, an increase of 14%.

The firm said that in a "tight environment" it would continue to "exercise strong control of costs".

It expects low market growth to continue in the second half of 2010.

Morrisons chairman Sir Ian Gibson said: "Our first half performance has been solid, in a tight market."

The firm also said it was confident of meeting its full-year profit expectations.

The supermarket's new chief executive, Dalton Philips, said was "determined to make Morrisons better than ever".

Like-for-like sales, excluding petrol and VAT sales tax, rose 0.9 % in the six months to the end of July.

Morrisons operates over 400 stores.

Source: BBC

 

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