“We have been able to drive more investment into lowering food prices funded by our comprehensive cost savings plans.'
General merchandise sales were down 4.6% versus pre-pandemic levels as supply chain issues hit and fell even further in the past 12 months – dropping 11.9%.Search Council Notices in your area
Chief executive Simon Roberts said: “We know just how much everyone is feeling the impact of inflation, which is why we are so determined to keep delivering the best value for customers. “We have been able to drive more investment into lowering food prices funded by our comprehensive cost savings plans.“Last week we announced the next bold phase of investment, lowering prices across 150 of our highest volume fresh products.”
He also pointed out that Sainsbury’s had spent £100 million on pay rises for staff, bringing their salaries up to the Real Living Wage.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia politics live updates: Coalition pledges to cut medication costs; Albanese promises robodebt inquiry; NSW records 20 Covid deaths, Vic 19Australia politics live updates: Coalition pledges to cut medication costs; Albanese promises robodebt inquiry
Read more »
Remote rural community faces hunger crisis as people 'scared' amid soaring costsIn 2016-17, South Lakes food banks gave out 674 parcels, 183 to children. In 2019-20, that figure rose to 1,091. From April 2021 to March 2022, two small food banks gave out 2,486 food parcels
Read more »
Oil and gas industry defends North Sea spending levels as Kwarteng urges moreBusiness secretary calls for increased investment by energy producers to avoid being hit with tax on soaring profits
Read more »
Energy bills: Intensive industry users secure more financial support amid record costsThe cost of battery production is to be supported for the first time under the compensation scheme, designed to maintain competitiveness at a time when electricity bills are soaring.
Read more »
Rishi Sunak hints at U-turn over windfall tax on energy firmsThe Chancellor signalled he would 'look again' at the punitive levy as he faces pressure to act on the current cost-of-living crisis.
Read more »
Will Elon Musk regret buying Twitter? – podcastAlex Hern explains why the Tesla boss may find that running Twitter and making a profit is a greater challenge than he bargained for
Read more »