Sainsbury’s, Uber, H&M: Everything that matters this morning
Sainsbury’s sales improve slightly as it outlines growth plan
Total retail sales at Sainsbury’s were up 0.1% year on year during the second quarter, although like-for-like sales fell by 0.2%.
Grocery sales increased by 0.6% and general merchandise sales declined by 2%, while clothing sales rose by 3.3%.
Sainsbury’s plans to reduce costs by about £500m over the next five years, in addition to ongoing cost savings to cover the impact of cost inflation. It has also increase
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