UK-based supermarket chain Sainsbury’s is considering doubling its convenience store number to more than 1,500. While Sainsbury’s reported a 1.9% drop in group sales for the 10 weeks to March 14, its local stores posted a 14% surge in revenues over the same period, as it opened 23 new sites to take its portfolio of convenience stores to more than 700.
“We were opening one-to-two convenience stores a week and insisted that within the realms of possibility that number would exceed 1,000 and possibly reach 1,500,” says Sainsbury’s chief executive Mike Coupe.
“However, selling groceries at the moment is the hardest I have seen in my 30 years in the industry. There has been no volume growth in the past five years, there has been a lot of change in customer habits, and of course people have more ways to shop,” he admits.
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/ For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
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