Seven medium-sized supermarkets to be closed,on top of 21 stores shut final yearMorrisons is to close seven stores with the potential loss of nearly 700 jobs despite achieving a surprise increase in sales over Christmas.
Shares in the company soared nearly 9% to 165.5p as it revealed a better-than-expected 0.2% rise in sales at established stores in the nine weeks to 3 January, its first positive figure for four years.
Related: Retail Christmas: the winners and losers in the UK Continue reading...
Source: theguardian.com