Sainsbury’s says sales revival in big-ticket items depends on base rate cut
Chain is winning market share from rivals but discretionary spend remains cautious, CEO Simon Roberts says• Business live – latest updatesShoppers are beginning to spend more freely but it will take a cut in interest rates before sales of more expensive items such as TVs and sofas start to take off again, the boss of Sainsbury’s has said.Simon Roberts, the chief executive of the group, which owns Argos and Habitat as well as its supermarkets, said he was cautious about the outlook for general merchandise, with sales of furniture and homewares remaining weak as households faced high mortgage and loan costs. Continue reading...
Chain is winning market share from rivals but discretionary spend remains cautious, CEO Simon Roberts says
• Business live – latest updates
Shoppers are beginning to spend more freely but it will take a cut in interest rates before sales of more expensive items such as TVs and sofas start to take off again, the boss of Sainsbury’s has said.
Simon Roberts, the chief executive of the group, which owns Argos and Habitat as well as its supermarkets, said he was cautious about the outlook for general merchandise, with sales of furniture and homewares remaining weak as households faced high mortgage and loan costs. Continue reading...
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