October 30 2014 Latest news:
Thursday, January 9, 2014
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.
A fast-growth Norwich firm has overhauled expectations of the traditional office and put creativity at the heart of its business as it presses ahead with plans to expand overseas.