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Book sales up at Morrisons
19.03.09 | Graeme Neill
Supermarket Morrisons recorded book volume sales growth of 7.6% last year as the wider supermarket business reported pretax profit growth of 7%. Emma Bailey, book buyer at Morrisons, said it had a "strong year-on-year performance showing good growth, which is especially pleasing as we were up against Harry Potter sales [in 2008]".
Bailey said that children's titles, summer reads, back-to-school and Christmas annuals were the main drivers of sales. The chain had been supplied by wholesaler Entertainment UK. Following EUK's collapse in November, Morrisons switched to Reedmoor and said it had only experienced a "slight disruption" in sales.
Last week, the UK's fourth-biggest grocer said that in the year to 1st February, its like-for-like sales excluding petrol were up 7.9%. Pretax profits were up 7% to £655m. Sir Ian Gibson, non-executive chairman, said: "This was another year of good progress for Morrisons as we continued to grow sales, profits and dividends, while also investing to generate future growth."