Sainsbury's CFO Says He's Pleased With 1H Performance of Food Business

The transcript covers Sainsbury's ongoing CMA investigation regarding store closures, preparations for a no-deal Brexit, and the competitive grocery market. It discusses the company's digital and physical sales strategy, including the integration of Argos into Sainsbury's stores. The transcript also highlights the importance of a Brexit deal for maintaining a stable supply chain, emphasizing the need for sensible arrangements with European suppliers.

What is the main reason Sainsbury's is optimistic about the deal with Asda?

• It will increase the number of stores.

• It will eliminate competition.

• It will reduce prices for UK consumers.

• It will allow expansion into Europe.

Why is a sensible Brexit deal important for the food industry according to Sainsbury's?

• To reduce food prices in the UK.

• To ensure a stable supply of European food products.

• To increase food exports to Europe.

• To eliminate tariffs on all imports.

How has Sainsbury's grocery business performed in the competitive market?

• It has lost significant market share.

• It has closed several stores.

• It has served more customers than ever before.

• It has grown faster than all competitors.

What is the strategy behind integrating Argos stores into Sainsbury's locations?

• To compete directly with Amazon.

• To offer a wider range of products to Sainsbury's customers.

• To increase foot traffic in Argos stores.

• To reduce operational costs.

What percentage of Sainsbury's sales start online?

• 40%

• 80%

• 60%

• 20%

What is Sainsbury's approach to sourcing products in light of Brexit?

• Focusing on non-European suppliers.

• Increasing stockpiles of European goods.

• Importing all products from Europe.

• Sourcing as many products as possible from UK suppliers.

What is the expected outcome of a Brexit deal according to Sainsbury's?

• It will only benefit European suppliers.

• It will benefit both European suppliers and UK consumers.

• It will have no impact on the supply chain.

• It will harm UK consumers.