Supermarket sales slump in run-up to Christmas

Morrisons, Marks & Spencer and Tesco have reported a slump in sales in the last quarter of last year.

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Morrisons blames market for 5.6% Christmas drop

Morrisons suffered a difficult Christmas period. Credit: PA

Supermarket Morrisons posted a sharp fall in like-for-like sales over Christmas, blaming the "disappointing" performance on difficult market conditions, heavy discounting by rivals and the lack of a full online offer.

The UK's fourth largest supermarket chain said its like-for-like sales excluding fuel dropped 5.6% in the six weeks to January 5th.

Including fuel, the drop was 7.1%.

It said it now expected its full-year underlying profit performance to be towards the bottom of the range of current market expectations, which stand at £783m to £853m.

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