Morrison moves online as it posts profit decline

Morrison Supermarkets announced Thursday it was launching a shopping website as the company reported its first annual profit decline in six years.

Morrison Supermarkets announced Thursday it was launching a shopping website as the company reported its first annual profit decline in six years.

The company said it is in talks with Ocado Group to launch a online food store in 2014 in an effort to improve performance as shoppers move online.

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