trending Market Intelligence /marketintelligence/en/news-insights/trending/zOKyvtQg4-Smqfl6KxDkPQ2 content esgSubNav
In This List

Morrisons slashes prices by about 20% amid strong competition

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model


Morrisons slashes prices by about 20% amid strong competition

British supermarket chain Wm Morrison Supermarkets PLC is cutting prices by an average of 20% on more than 900 products amid growing competition with grocers, including Aldi Einkauf GmbH & Co. oHG and Lidl Stiftung & Co. KG, Reuters reported, citing a company statement.

The price reduction covers 935 products, including canned tomatoes, cereals, ready meals and multivitamins.

Morrisons' decision mirrors similar moves by rivals Tesco PLC, J Sainsbury PLC and Asda Stores Ltd., the report said.

The price cuts will be held for a minimum of 12 weeks, Reuters added.