Figures put Sainsbury’s under extra pressure
Sainsbury’s boss Mike Coupe will come under pressure this week to outline his fightback plans for the business in the face of an intense grocery price war.
Industry data last week showed the group’s sales had slipped 1.3 per cent in the 12 weeks to 21 June compared with a year earlier. The Kantar figures also suggested that its market share had dipped to 16.5 per cent.
On top of this, Sainsbury’s, which holds its AGM on Wednesday, posted its sixth straight quarter of sliding sales last month as it suffers amid the price battle, and said it expects prices to continue falling into next year.