Morrisons CEO David Potts (Mikael Black/PA)
(Picture: PA Media)Morrisons has become the latest retailer to announce a drop in sales due to the ongoing cost of living crisis gripping The UK.
The UK’s fourth largest supermarket by market share released an update on its second quarter of trading that indicated like-for-like sales for the 13 weeks ending 1 May dropped 6.4% in comparison to the same period the previous year due to “ongoing inflationary pressure and an increasingly subdued consumer sentiment”.
