UK retailer Sainsbury’s told just-food today (23 April) that it is eyeing continued store expansion as part of its ongoing recovery programme.
According to UK reports, Sainsbury’s is planning to invest up to GBP750m (US$1.5bn) a year in order to increase its floor space.
While the company was hesitant to confirm the exact level of investment planned, a spokesperson for the retailer said that expanding its selling space was a core element of the group’s recovery strategy.
“We want to add 5% a year as part of our recovery programme. Investing in our property portfolio is an ongoing process,” a spokesperson for the company told just-food.
The UK’s number three retailer is two years into its three-year recovery programme.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData