Morrisons blames Labour for closure of 100 lossmaking stores Retail Morrisons has taken aim at Labour policy for “significant cost increases” as it announced the closure of 100 lossmaking stores. The supermarket chain said on Thursday that it will close the 100 unprofitable Morrisons Daily convenience stores, in a move which could affect hundreds of jobs. Morrisons has faced steep debt costs following its £7bn [...]
Growth in food retail at highest in two years thanks to summer finally arriving Business After a damp start to summer, till sales growth boomed in July to record the strongest growth for food retail in two years. Total till sales at UK supermarkets grew 5.5 per cent in the four weeks ending 10 August 2024, up from 3.6 per cent in the previous month, according to fresh data by NIQ. [...]