Search

Tesco and Morrisons see sales fall

PUBLISHED: 12:21 09 January 2014 | UPDATED: 12:25 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.

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.

Search hundreds of local jobs at Jobs24

0 comments

Management Jobs

Show Job Lists

Newsletter Sign Up

Sign up to receive our regular email newsletter

Insight

A global boom in the use of smart meters is set to fuel the growth of a pioneering East Anglian engineering company after it struck a major production deal with a leading Indian manufacturer.

I’ve seen and heard quite a lot over the years, so it takes quite a bit to shock me.

Green 100

cover

Enjoy the Green 100
digital edition

Read
0

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented