{"id":15321,"date":"2019-09-26T10:26:50","date_gmt":"2019-09-26T09:26:50","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/?p=15321"},"modified":"2019-09-26T10:26:50","modified_gmt":"2019-09-26T09:26:50","slug":"sainsburys-and-argos-store-cuts-in-500m-cost-cutting-plan","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/sainsburys-and-argos-store-cuts-in-500m-cost-cutting-plan\/","title":{"rendered":"Sainsbury&#8217;s and Argos store cuts in \u00a3500m cost-cutting plan"},"content":{"rendered":"<p><span style=\"color: #000000;\">Sainsbury&#8217;s has announced their shake-up plan to help save \u00a3500m over the next five years. The company said they will shut 70 Argos stores and relocate 80 of its supermarkets. Sainsbury&#8217;s will also close 15 large supermarkets and 40 convenience stores.\u00a0<\/span><\/p>\n<div id=\"attachment_15324\" style=\"width: 1010px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-15324\" class=\"wp-image-15324 size-full\" src=\"http:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_576592942.jpg\" alt=\"\" width=\"1000\" height=\"650\" srcset=\"https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_576592942.jpg 1000w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_576592942-300x195.jpg 300w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_576592942-768x499.jpg 768w, https:\/\/www.fiveminutesspare.com\/news\/wp-content\/uploads\/sites\/2\/2019\/09\/shutterstock_576592942-600x390.jpg 600w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><p id=\"caption-attachment-15324\" class=\"wp-caption-text\">Editorial credit: Tana888 \/ Shutterstock.com<\/p><\/div>\n<p><span style=\"color: #000000;\">The company will open around 120 new grocery outlets which will be mainly convenience stores, there will only be 10 new large store which they hope to place in suburban locations. There is no ideas on which stores will be closing.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The plans come after investors warned profits had dipped over the past six months. Sainsbury&#8217;s have cut prices on some daily essential products as well as launching budget bands to try and\u00a0 match the success of Asda&#8217;s own brand range.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The company blames bad weather and high marketing costs of the drop in profits.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"color: #000000;\"><strong> Chief Executive Mike Coupe told investors:<\/strong>\u00a0&#8220;Sales momentum was stronger in all areas and we further improved our performance relative to our competitors, particularly in grocery.<\/span><\/p>\n<p><span style=\"color: #000000;\">&#8220;We have focused on reducing prices on every day food and grocery products and expanding our range of value brands, which have been very popular with customers.<\/span><\/p>\n<p><span style=\"color: #000000;\">&#8220;At the same time, we are investing significantly in our supermarkets, driving consistent improvements to service and availability.&#8221;<\/span><\/p><\/blockquote>\n<p><span style=\"color: #000000;\">Clothing and food sales increased but household goods fell by 2% whilst fuel dropped 0.2%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sainsbury&#8217;s has announced their shake-up plan to help save \u00a3500m over the next five years. The company said they will shut 70 Argos stores and relocate 80 of its supermarkets. Sainsbury&#8217;s will also close 15 large supermarkets and 40 convenience stores.\u00a0 The company will open around 120 new grocery outlets which will be mainly convenience&#8230;<\/p>\n","protected":false},"author":59,"featured_media":15324,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34],"tags":[47,1709,1708,669],"class_list":["post-15321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-businesses-uk","tag-sainsburys","tag-supermarket"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=15321"}],"version-history":[{"count":1,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15321\/revisions"}],"predecessor-version":[{"id":15326,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/15321\/revisions\/15326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/15324"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=15321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=15321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=15321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}