Are Tesco plc, J Sainsbury plc & WM Morrison Supermarkets plc Panicking?

For years, the UK supermarkets seemed oblivious — if not arrogant — in the face of changing consumer tastes and the encroachment of the hard discounters. But with every week now bringing more job cuts, store closures, and management changes, have Tesco (LSE: TSCO), Sainsbury’s (LSE: SBRY) and Morrisons (LSE: MRW) U-turned from inaction to outright panic?

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Owain Bennallack owns shares in Tesco. The Motley Fool UK owns shares of Tesco. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.