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Morrisons’ results ‘to suffer from Asda’s Netto acquisition’
date:Aug 29, 2012
Morrisons has been particularly adversely impacted by the successful acquisition and subsequent conversion by Asda of Netto stores,said Black and Shirley.

A considerable number of these acquired stores are located in localities in Morrison's northern England heartland. As such, their increased competitiveness under the Asda banner represented a negative share shift for Morrison over the other major players.

But Morrison may be through the worst with respect to this particular challenge, they a

12/22 04:43