Supermarket chain reports quarterly results and says three-year savings plan will enable it to reduce prices Morrisons has said it plans to cut £700m in costs over the next three years to allow it to reduce prices amid a squeeze on consumer spending. The supermarket group, which reported falls in quarterly sales on the previous year through 2022, said it had eked out a 0.1% increase in same-store sales in the first three months of 2023.
Supermarket chain reports quarterly results and says three-year savings plan will enable it to reduce prices Morrisons has said it plans to cut £700m in costs over the next three years to allow it to reduce prices amid a squeeze on consumer spending. The supermarket group, which reported falls in quarterly sales on the previous year through 2022, said it had eked out a 0.1% increase in same-store sales in the first three months of 2023.
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