Sainsbury’s Q1 trading steady but lacks growth
* Total sales up 0.8% * Grocery up 0.5% * 37 more Argos opened in Sainsbury’s store (takes total to 228) SUPR View: * Consistent and steady numbers from Sainsbury’s but a noticeable lack of growth compared to sector * Demonstrates need to acquire/merge to grow * Financing package for Asda now in place (we … Read more