Morrisons boss steps down after disappointing Christmas sales

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Morrisons boss steps down after disappointing Christmas sales

Morrisons CEO Dalton Philips is set to leave the beleaguered supermarket following disappointing Christmas sales.

The supermarket, which is the fourth largest in the UK, has said Philips will stay until the company’s end of year financial results in March.

It is also set to close 10 loss making stores.

Like-for-like sales, excluding fuel, had dropped by 3.1 per cent in the six weeks leading to January 4.

It was the worst performance of the major supermarket groups.

Debenhams and ASOS buck Christmas retail trends

Online retailer ASOS and department store Debenhams went against the grain of disappointing clothing retail sales during the Christmas period.

Debenhams saw sales up by 4.9 per cent while ASOS saw an rise of 15 per cent.

Evening Standard City Correspondent Jamie Dunkley said Black Friday and Cyber Monday could have had a positive affect on the retailers.

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