Sainsbury's aims £1bn cost savings, £200m share buyback, 75 new stores, and tech/automation investment under a new strategy focusing on food sales and profit growth.

Sainsbury's, the UK's second-largest supermarket chain, is targeting £1 billion in cost savings and a £200 million share buyback programme as part of a new strategy to focus on food sales. The company plans to reduce costs over a three-year period, increase its retail operating profit, and open 75 additional convenience stores. Sainsbury's will also expand its Nectar loyalty scheme and invest in technology and automation.

February 06, 2024
26 Articles

Further Reading