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Sainsbury’s ill-fated launch in Egypt had nothing to do with Mike Coupe, but the jail sentence that hangs over him is a reminder of the perils of badly considered international expansion.
Read Retail Week PayPal Grocery supplement as a fully digital edition.
Sainsbury’s chief financial officer John Rogers believes margins in the grocery sector will “stabilise” at around 3% in the next few years.
Sainsbury’s has slumped to a £72m statutory loss, its first for a decade, as the supermarket giant’s sales dropped amid a relentless price war.
Sainsbury’s boss Mike Coupe has insisted it is “business as usual” despite having a two-year Egyptian jail term hanging over his head.
Aldi and Lidl remain the fastest-growing grocers in the sector in terms of sales but this growth is slowing, according to latest figures.
Follow our live blog for the latest updates and reaction to the news that Sainsbury’s has slumped to a £72m statutory loss, its first for a decade.
Retailers have launched a wave of products to celebrate the birth of royal baby Princess Charlotte. Here are some of the best.
Supermarket giant Sainsbury’s will unveil its full-year results tomorrow. Retail Week highlights five key areas to look out for.
Tesco’s have announced a staggering loss of £6.38bn, but boss Dave Lewis hopes this could draw a close to the grocer’s downwards spiral.
For far too long, the big four were unwieldy and top-heavy bureaucratic machines, but the grocery world is changing.