Outgoing Sainsbury's chief executive Justin King says customers are "spending cautiously" as the supermarket chain posted a fall in sales in his final quarter before departing.
Throughout the quarter we have continued to invest in reducing prices and improving quality, increasing the value of our offer. Lower food price inflation and reduced fuel prices are a welcome respite to customers’ finances but they continue to spend cautiously, leading to industry growth in the quarter being the slowest in a decade [...]
We remain confident that our clear strategy and differentiated offer will allow us to continue to outperform our supermarket peers through the remainder of the year.
More top news
The Duke and Duchess of Cambridge went salmon fishing in Canadian waters on the latest leg of their royal visit to the country.
What happens when a former president holds up a current president hoping to fly home for dinner with his family?
Following a bruising televised debate with Hillary Clinton, Donald Trump's week seems to have only got worse.