• Text size      
  • Send this article to a friend
  • Print this article

Tesco, Morrisons hit by tough Xmas market

Morrisons and Tesco today reported sharp declines in sales after a "very challenging" Christmas for the supermarket sector.

Industry leader Tesco said like-for-like sales were down 2.4% in the six weeks to January 4, while a fall of 5.6% at Morrisons led the Bradford-based chain to warn that profits will be short of some City hopes.

Morrisons said consumers had been managing their budgets very tightly and were shopping across a range of formats and retailers.

The latest downbeat figures from the sector come amid recent market share gains for discount rivals Aldi and Lidl.

Contextual targeting label: 
Food and drink

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

204579