- Sainsbury’s has lowered its outlook regarding profit for 2014.
- GBP150 million investment in price
- Improve 3,000 private label products
- Improve the digital service experience.
- Reduce the capital expenditure to between GBP500 million and GBP550 million per annum.
- Plans to open over 8 new supermarkets and 100 convenience stores annually over the next three years.
Overall, Sainsbury’s expects the UK supermarket chains to register negative like-for-like sales for the next few years.