Negative lfl is not a surprise but the magnitude of the slump surely is. There seems to be no short-term solution to turnaround the performance of the non-food business, which puts Sainsbury’s at a much higher risk vs other competitors. We continue to believe that the proposed merger with Asda will go-through, albeit with some store disposals. A harsh verdict might make it very difficult for Sainsbury’s to extract much desired cost savings and a simultaneous cut in the price of es
10 Jan 2019
Managing through uncertain times
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Managing through uncertain times
J Sainsbury plc (SBRY:LON) | 271 0 0.0% | Mkt Cap: 6,422m
- Published:
10 Jan 2019 -
Author:
Nishant Choudhary - Pages:
Negative lfl is not a surprise but the magnitude of the slump surely is. There seems to be no short-term solution to turnaround the performance of the non-food business, which puts Sainsbury’s at a much higher risk vs other competitors. We continue to believe that the proposed merger with Asda will go-through, albeit with some store disposals. A harsh verdict might make it very difficult for Sainsbury’s to extract much desired cost savings and a simultaneous cut in the price of es