Search

Order your GoGoDragons! sticker book today

Click here

Tesco and Morrisons see sales fall

12:21 09 January 2014

Photo credit: Ali Waggie/PA Wire

Photo credit: Ali Waggie/PA Wire

Morrisons and Tesco today reported sharp declines in sales after a “very challenging” Christmas for the supermarket sector.

shares

Industry leader Tesco said like-for-like sales were down 2.4pc in the six weeks to January 4, while a fall of 5.6pc at Morrisons led the Bradford-based chain to warn that profits will be short of some City hopes.

Morrisons said consumers had been managing their budgets very tightly and were shopping across a range of formats and retailers.

The latest downbeat figures from the sector come amid recent market share gains for discount rivals Aldi and Lidl.

shares

0 comments

Most Read

Featured Pages

Most Commented

Partly Cloudy

Partly Cloudy

max temp: 20°C

min temp: 15°C

Listen to the latest weather forecast

Digital Edition

cover

Enjoy the EDP
digital edition

Subscribe

Broads Outdoor Festival

cover

Enjoy the Broads
Outdoor Festival
digital edition

Read

Eating Out in the Broads

cover

Enjoy the Eating Out
in the Broads
digital edition

Read

Great Days Out

cover

Enjoy the Great Days
Out digital edition

Read

Get Into Summer

cover

Enjoy the Get Into
Summer digital edition

Read