Sainsbury’s ‘won’t stand still’ as it talks up digital potential
Sainsbury’s is forging ahead with its digital strategy as it awaits the sign off on its Argos buyout from the Competitions and Markets Authority (CMA), having noted a rise in online orders amid what was a disappointing year for sales.
The grocer posted a near 14 per cent fall in annual profits and a fall in underlying pre-tax profits to £587m from £681m for the year to 12 March today (4 May).
It’s another sign of the continued challenging conditions of the retail sector, both within grocery and outside. With effects of BHS’ administration still rippling through the industry, Sainsbury’s Read full story ›
Source: The Drum
