Weekly News #20

Sainsbury’s growth lags behind major rivals as it lines up Asda merger

Sainsburys and Asda 7.3bn murge. comes as the London-based supermarket continues to be outgunned by its three major rivals, according to the latest sales figures. Sainsbury's sales rose by just 0.2% in the 12 weeks to 22 April, its slowest pace of growth for more than a year.

The chief executive of Sainsbury’s has been filmed singing “We’re in the Money”on the same day he announced a blockbuster merger with Asda. Sainsbury’s did not see the funny side of ITV releasing the clip. In a statement we see that Sainsbury’s to make £500m in extra profit from the transaction.

In my opinion i enjoy both superstors but have more of a opinion for Asda as it is where I shop most of the time. I feel as if the owners of Sainsbury are not making this deal to benifit its customers but to make money. For a superstore of such a size and publicity they should be makings moves that benifit the public not themselves.