date:Mar 14, 2014
ficant strategic progress as we lay the foundations for a stronger future. Our financial position remains strong.
Chief Executive Officer Dalton Philips has repeatedly blamed Morrisons late entry into convenience and online operations -- the grocer started its Internet business on Jan. 10 and has about 100 convenience stores -- for the companys failing fortunes. By comparison, market leader Tesco Plc (TSCO) started its U.K. home-delivery business 17 years ago and the unit is now profitable. Tes