By John Glenday

Sainsbury’s fall in like-for-like sales has brought to an end two years of modest sales increases and shows that it cannot escape the deeper malaise affecting the UK grocery sector.

The former beacon of hope in a troubled market posted a fall of 0.8 per cent in like-for-like retail sales when fuel is excluded as continuing food price deflation took its toll.

Chief executive Mike Coupe said: “Sainsbury’s is well-positioned. Our core food business offers customers choice, quality and a clear value proposition. General merchandise and clothing continue to perform well with good sales growth across both businesses, and we continue Read full story ›

Source: The Drum