Sainsbury's and M&S confirm fresh wave of price cuts
Sainsbury(JSAIY) Proactive Investors·2024-01-22 20:49
Both Marks and Spencer Group PLC (LSE:MKS) and J Sainsbury PLC (LSE:SBRY) have announced a new round of price cuts as they look to win back market share from discounters Aldi and Lidl. Sainsbury’s brought the total items part of its Aldi price match to over 550 this month, while almost 6,000 products can now be bought cheaper with Nectar points. This means the UK’s second-largest supermarket invested £220 million into lowering prices over the financial year and £780 million over the last three years. Produc ...