Sainsbury’s revenue set to dip as worth conflict looms | EUROtoday

Sainsbury’s has forecast that store income will flatline or fall within the coming yr because the grocery store sector gears up for a worth conflict.

The retailer mentioned it expects revenue to dip to £1bn because it continues to spend money on decreasing grocery costs.

Last week, Tesco admitted that it may take a big hit whether it is compelled to chop costs after Asda – now below the management of business veteran Allen Leighton – introduced it will scale back grocery prices to spice up the struggling retailer.

A race to decrease costs may assist households who’re nonetheless combating the price of residing at a time when payments, resembling power and water, are growing.