Makro turnaround ‘on track’
BOOKER Group, the cash and carry food wholesaler, says it is continuing to make headway in its plan to turnaround its Salford-based Makro division.
In a third quarter trading update for 16 weeks to January 2, Booker said its total sales were up 1.4%, while excluding Makro, they were 2.5% ahead. It said its outlook for profits and net cash for the year remain in line with City expectations.
The company said Makro's turnaround plan is on course. Non-tobacco sales were down 6.5% in the 16 weeks as non-profi... For the full story register now for free or login below...