Morrisons boss reveals online plans

The head of Morrisons has unveiled plans to drag the struggling supermarket into the 21st century as he admitted it was losing £500 million a year in sales to online rivals and still using pen-and-paper methods to check stock.

Britain's fourth-biggest grocer is poised to launch on the web later this year and is under pressure to catch up with the likes of Sainsbury's and Tesco which began trading over the internet in the 1990s and are now seeing double-digit online growth.
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