Sainsbury’s has confirmed plans to “right-size” the company while cutting £1bn in costs over the next three years.
The expansion of the “food-first” plan launched in 2020 will see the supermarket group running the rule over its entire estate.
Plans include expanding the food space within stores, shutting more stand-alone Argos stores, and adding 75 convenience stores to its 800-strong estate.
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Including:
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Retailer has vacated the store and moved to the Bullring
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Retention rate is significantly ahead of underwrite assumption
