Morrisons boss steps down as sales fall

Undated handout file photo issued by Morrisons of their CEO Dalton Philips, as the supermarket annou

Undated handout file photo issued by Morrisons of their CEO Dalton Philips, as the supermarket announced that chief executive Dalton Philips is to step down after five years at the helm of the struggling supermarket business. PRESS ASSOCIATION Photo. Issue date: Tuesday January 13, 2015. The move was announced as the Bradford-based chain reported that like-for-like sales fell 3.1% in the six weeks to January 4. See PA story CITY Morrisons. Photo credit should read: Morrisons/PA WireNOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder. - Credit: PA

Morrisons has announced that chief executive Dalton Philips is to step down after five years at the helm of the struggling supermarket business.

Morrissons supermarket at Cambourne in Cambridgeshire. PRESS ASSOCIATION Photo. Picture: Chris Radbu

Morrissons supermarket at Cambourne in Cambridgeshire. PRESS ASSOCIATION Photo. Picture: Chris Radburn/PA Wire - Credit: PA

The move was announced as the Bradford-based chain reported that like-for-like sales fell 3.1pc in the six weeks to January 4.

Andrew Higginson, who is due to become chairman later this month, said the company's board believed the push to return the business to growth was 'best done under new leadership'.

Mr Higginson said it was 'time for a fresh pair of eyes' over the business, although he pointed out that the company's Christmas performance was not a factor in the decision to change leadership.

Mr Philips said: 'I'm very sad to be leaving but when a board wants to make a change you accept that and move on.'


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Morrisons also announced it is planning to close 10 loss-making smaller stores, putting more than 400 jobs at risk.

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