business news in context, analysis with attitude

  • Sainsbury, Britain's second-biggest supermarket chain, reported like-for-like sales growth of 1.3 percent in its fourth quarter, compared with 2.8 percent growth in the third quarter. The company, which is engaged in a battle to acquire Safeway Plc in the UK, said the decline could be attributed to excessive cost cutting at the expense of sales efforts.

KC's View: