date:Jun 14, 2013
sion, he said.
Last month Morrisons posted a 1.8 percent fall in sales at stores open over a year, excluding fuel, for its first quarter. It expects like-for-like sales to remain negative in the 2013-14 year.
Echoing comments from Sainsbury on Wednesday, Philips was downbeat on the macro outlook.
One third of our customers get to the end of the month and they have nothing left over, he said. We hear of mums who are skipping meals so that they can feed the family.
Unlike previous years, Ken M