Author: Jaime Hannula

Morrison Supermarkets Kicks Off British Christmas Period Results With Lackluster Retail Sales

Morrison Supermarkets (MRW.L), one of the biggest grocery stores in the UK, reported early Tuesday lackluster like-for-like retail revenue growth during the Christmas holiday period, citing a “change in consumer behavior.” Retail’s contribution to group like-for-like sales was 0.6% over the nine weeks that ended Jan. 6, compared with 2.1% over 10 weeks to Jan. 7 in 2018, the company, […]