Sainsbury’s cuts costs whereas taking market share from its rivals

Richard Hunter at interactive investor mentioned: “Keeping purchasing costs low has had a optimistic impression on the group’s market share, however in fact this comes at a value
to Sainsbury itself. Since March, for instance, the corporate has invested £118 million on worth reductions. The ferocity of competitors, significantly within the
grocery store enviornment, is properly established and exhibits little signal of abating, such that the group might want to hold a continuing lid on costs with a purpose to stay within the combine.”