Sainsbury’s Chief Executive warns that inflation may deepen and be here for longer than expected. In an article published on Tuesday in ‘The Independent’ he declares that the company, Britain’s second largest supermarket, has set aside £500,000,000 to help keep prices down. He also declares that shoppers seem to be more selective now, making greater use of alternative discount shopping options.
(Source: ‘The Independent’ Tues. 6 Jul.2 022)