date:May 19, 2014
a second year of shrinking profit.
If you only have half the operating profitability, typical credit ratios are simply less favorable, Sven Reinke, a retail-credit analyst at Moodys Investors Service, which downgraded Morrison in March, said in an interview on May 9.
Aldi and Lidl have taken more than two percentage points of market share from the big four supermarkets, which also includes Wal-Mart Stores Inc.s Asda unit and J Sainsbury Plc, as Britons struggling with an unprecedented squeeze