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Morrisons announces 11 supermarket closures as profits almost halve

UK retailer's profits drop 47% for the half-year ended Aug. 2; management speaks of need to 'make core supermarkets strong again'

By Undercurrent News | Sept. 10, 2015 09:35 BST
Management shake-up at Morrisons puts future of processing in doubt
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UK retailer Wm Morrison Supermarkets (Morrisons) has announced the closure of 11 supermarkets, as part of a drive to "make the core supermarkets strong again" [...]

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