Sainsburys Report their ‘Best Christmas Ever’
After Their ‘Best Christmas Ever’ Sainsburys anticipates a Cut in their Consumer Spending
Original Article here
After reporting and exceptional Christmas, the UK Grocery store now predicts consumers will begin to watch their penny’s in 2014 as they aim to rebalance their household finances.This has consequently cut the stores sales forecast, and has dropped their share price by 2.7%.
Though there are signs of the economy increasing, food retailers such as Sainsburys are finding it tough, as consumers disposable income decreases and competition and promotional activity increases within the Trade.