Analysis: Sainsbury’s boss Roberts’ key takeaways on inflation, suppliers and staff pay
Sainsbury’s chief executive Simon Roberts faced questions on everything from inflation and supplier relationships, to staff pay and Argos’ ongoing underperformance as he presented details of first-quarter trading to the media this week.
Sainsbury’s figures for the 16 weeks to June 25 – showing a 4% drop in like-for-like sales – painted a similar picture to many of its grocery competitors. Sales have softened year-on-year as a result of tough lockdown comparisons, but performance is streaking ahead of pre-pandemic levels.
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