Sainsbury has been losing market share to UK supermarket leader Tesco Plc and German discounters Aldi and Lidl, as Amazon.com Inc. and online grocer Ocado Group Plc make inroads in the food business.
J SAINSBURY Plc showed why it’s so eager to lead a consolidation push among the UK’s grocers.
Excluding fuel, Sainsbury’s comparable retail sales rose 0.2% in the 16 weeks through June 30, the London-based company said Wednesday. That met the average analyst estimate but marked the slowest growth since the company acquired catalog retailer Argos in 2016.
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