Sainsbury's boss blames 'soggy August' for sales slowdown

Chief executive says ‘there is nothing in the numbers that give cause for concern about Christmas’ as pre-tax profits fall 9%Shoppers are not “pulling on the handbrake”, the chief executive of Sainsbury’s insisted as he blamed a soggy August for a recent slowdown in sales growth.The supermarket revealed a 9% fall in pre-tax profits to £251m in the six months to 23 September as rising costs offset a 1.6% rise in sales at established stores.Continue reading...