Life tough for millions of households, says Sainsbury's boss

Nov 3, 2022 · Simon Roberts said the grocer got "how tough it is for millions of households" and was trying to keep prices low. Food prices are rising at their fastest rate in 42 years as the cost …

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‘Life Is Tough For Millions,’ Warns Sainsbury’s Boss Amid Inflation

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It comes days after the British Retail Consortium (BRC) recorded that food inflation leapt to a record 11.6% last month, while the Office for National Statistics (ONS) said food and drink …

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Sainsbury’s Boss Warns Of Higher Prices After Budget - Financial …

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Nov 7, 2024 · The boss of J Sainsbury has warned customers will face higher grocery prices because of a £140mn hit to its tax bill from Labour’s Budget. Chief executive Simon Roberts …

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Debt Rattle December 23 2024 - The Automatic Earth

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5 days ago · Inflation-adjusted pay for army privates has reportedly increased only 1.9% since 2011, versus the 13.39% and 10.14% increases recorded for new junior doctors and train …

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FAQs about Life tough for millions of households, says Sainsbury's boss Coupon?

Is life tough for Sainsbury's?

The boss of Sainsbury's acknowledged that life is tough at the moment for 'millions of households' as the supermarket chain witnessed increased demand for own-label products. It came as the retail group revealed a dip in profits as it swallowed some of the impact of soaring costs. ...

Does Sainsbury's have a record inflation rate?

Last week the British Retail Consortium (BRC) recorded that food inflation leapt to a record 11.6 per cent last month, while the Office for National Statistics (ONS) said food and drink were 14.5 per cent higher year-on-year. However, the supermarket chief said that Sainsbury's has seen inflation below this. ...

Why is Sainsbury's struggling?

People are also struggling with higher energy bills and rising interest rates. Sainsbury's said sales across the business had climbed 4.4% to £16.4bn in the six months ending in September. But the UK's second-largest supermarket also revealed a dip in profits as the business absorbed some of the impact of rising food costs and put up wages. ...

Why is Sainsbury's investing £500m in pricing?

The group said it has benefited from investment to help swallow cost inflation for key products and keep pricing lower for customers, with £500million to be invested in pricing. Sainsbury's said it is 'well placed through the peak trading period and into the next financial year to support customers as they manage further cost-of-living pressures'. ...

Why is Sainsbury's getting two pay rises this year?

Earlier this month, a BBC survey uncovered growing concern about the squeeze on finances. Some 85% of those asked are now worried about the rising cost of living, up from 69% in a similar poll in January. Like other supermarkets, Sainsbury's has given its staff two pay rises this year to "reflect the current challenges households are facing". ...

How will Sainsbury's cope with cost-of-living pressures?

Sainsbury's said it is 'well placed through the peak trading period and into the next financial year to support customers as they manage further cost-of-living pressures'. The group is halfway through a £1.3billion cost-saving programme which has seen it shut down in-store restaurants and standalone Argos shops. ...