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Morrisons and Tesco shine in Christmas sales battle

Reuters  |  LONDON 

By James DaveyLONDON (Reuters) - British supermarket chain Morrisons beat sales growth forecasts over Christmas while industry data indicated market leader Tesco probably outperformed smaller rivals during the festive season.With Britons facing pressure from slow wage growth and the jump in inflation that followed the 2016 Brexit vote, company updates and data this month have shown they chose to prioritise spending on food and drink over the holiday season.Shoppers cut back on almost everything other than food in the last three months of 2017, causing the biggest fall in non-grocery spending ...

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First Published: Tue, January 09 2018. 16:05 IST
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