Morrisons, one of the four major supermarket groups in the U.K., - TopicsExpress

Morrisons, one of the four major supermarket groups in the U.K., has announced a slide into a loss of some £180m, compared to profits of nearly £880m last year. This is despite their efforts at cutting prices to attract customers. Now Morrisons intend to dispose some of their property assets, to help consolidate their operations for the next few years. Times are tough, and their current results have spelled it out. Seems bad news for the U.K. retail sector stocks, with Sainsburys and Tesco shares also down.

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