For years, the UKsupermarkets seemed oblivious if not arrogant in the face of changing consumer tastes and the encroachment of the harddiscounters. But with every week nowbringing morejob cuts, store closures, andmanagement changes, have Tesco (LSE: TSCO), Sainsburys (LSE: SBRY) and Morrisons (LSE: MRW)U-turnedfrom inaction to outright panic?
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Owain Bennallackowns shares in Tesco. The Motley Fool UK owns shares of Tesco. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.