UK retailer Sainsbury's has posted a marginal decline in group sales in the first half of its financial year, with like-for-like sales down 1.0% and underlying profit before tax down 15% for the period.
Commenting on its performance, Sainsbury's chief executive Mike Coupe said, “We have created positive momentum across the business through strategic investments in our customer offer. We have lowered prices on every day food and groceries, launched a range of value brands and are more competitive on price than we have ever been."
Here's how leading retail analysts saw it:
