How Morrisons' online grocery store is set to pass £ 1 billion? | Market Update

  • May 13, 2020 BST
  • Team Kalkine

Morrisons’ online grocery store is set to pass £1bn in annual sales by next spring after doubling the number of delivery slots during the coronavirus lockdown. The Bradford-based supermarket chain said sales on its Morrisons.com site had doubled, to £1bn on an annualised basis. It is introducing a click and collect service at 280 stores by mid-June, more than doubling its business with Amazon’s Prime fast delivery service and selling tens of thousands of pre-prepared food boxes a week, delivered by courier DPD. Morrisons has also set up a telesales service so that elderly and vulnerable shoppers who do not have access to the internet can order home deliveries from a local store.

Travel firm Tui has pledged to "reinvent the holiday in 2020" as it seeks to beat the coronavirus pandemic. Tui said it would be reopening selected hotels in Germany "in the coming days", with its operations in other European destinations also ready to welcome holidaymakers.

A record monthly plunge in activity meant the UK economy contracted by 2% in the first quarter of 2020, according to official figures. Data from the Office for National Statistics revealed the immediate impact of the coronavirus lockdown, producing an unprecedented decline in output in March and the sharpest three-month contraction since the depths of the financial crisis in late 2008.

#morrisons #coronavirusbritain

 


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