Sainsbury's to invest in existing supermarkets

Sainsbury’s remains committed to its physical store estate, and will be investing in improvements to more than 400 of its supermarkets this year, the company has said in its annual report.

The retailer, which is currently celebrating its 150th anniversary, saw sales in the year to 9 March increase by 2.1 per cent to £32, 412m, with underlying profit before tax of £635m. However, group like-for-like sales were down by 0.2 per cent.

“We have been delivering on our strategy for the past four and a half years and the last year in particular has been a big year of change for the business,” says group CEO Mike Coupe. “Shopping habits continue to evolve and we are therefore updating our strategic priorities. We have set the business up for the long term and have a clear plan for the year ahead.

“We have completed the Sainsbury’s store transformation and made significant improvements to store standards in recent months and this will continue to be a focus this year, using our new customer feedback service, Lettuce Know, to inform store managers on how customers feel about shopping in their specific store in real time.”

Sainsbury’s will also be making further investments in store environments, adds Coupe: “We trialled enhanced beauty ranges, wellness aisles and new concession partnerships last year and will be rolling these out to more stores this year. In total, we will invest in over 400 supermarkets this year.”