Its a new year but the same old problems for embattled grocer Morrisons (LSE: MRW), which is facing a double whammy of customers defecting to cheaper rivals Aldi and Lidl and a price war with its big rivals Tesco, Sainsburysand ASDA. At best, 2015 could mark a turning point, but theres a long way to go.
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Owain Bennallackowns shares in Tesco. The Motley Fool UK owns shares in 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.
