date:May 07, 2013
and Tesco, both of which are ratcheting down store development programmes.
The retailer is lagging its rivals partly because it does not sell food online and has only a small convenience store business, which are the fastest growing segments of the food retailing industry.
However, Morrisons is also losing customers in its heartland of northern England to discounters such as Aldi.
Morrisons does have plans to launch an online food business, and is in talks with Ocado about a potential tie-up.