Morrisons blames cost of living surge for sales slide

Date : 30 June 2022

Nick Gladding

Senior Retail Analyst

Morrisons has reported sharply lower sales for Q2 which it has attributed to ongoing inflationary pressure and the downturn in consumer sentiment. -6.4% LFL decline Group like-for-like sales fell by 6.4% in the 13 weeks to May 1 st (ex VAT and fuel). Supermarket sales improved towards the…
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