Sound bites: UK food retail in 2009
Four top food analysts give just-food their predictions for the UK food retail sector in 2009.
Sainsbury's confirmed today (8 January) that it would look to create around 2,000 jobs in the next year after revealing its recent sales growth had continued during the autumn and Christmas.
Marks and Spencer plans to close 27 stores and cut over 1,200 jobs as it looks to slash costs from the business after seeing sales slump over the last three months.
UK retail giant Tesco is investing GBP100m (US$147m) in a combination of permanent price cuts and promotions.