Sainsbury 2Q Retail Sales Fall 2.8%; Est. 3.3%

Sainsbury's reported a smaller-than-expected decline in same-store sales, marking the third consecutive quarterly drop after nine years of growth. CEO Mike Coupe highlighted the competitive market, particularly from German discounters ALDI and Lidl. Sainsbury's is responding by cutting prices and re-entering the budget store market with the Netto format.

What was the actual decline in Sainsbury's same-store sales excluding fuel for the second quarter?

• 2.8%

• 1.5%

• 3.3%

• 4.0%

How many consecutive years of growth did Sainsbury's experience before the recent quarterly drops?

• Nine years

• Seven years

• Eleven years

• Five years

Which two German discounters are mentioned as impacting the Big Four supermarkets in the UK?

• Asda and Netto

• Waitrose and Iceland

• ALDI and Lidl

• Tesco and Morrisons

What strategy is Sainsbury's implementing to compete with other supermarkets?

• Focusing on luxury products

• Increasing product prices

• Expanding internationally

• Cutting prices and reintroducing Netto

Who is the CEO of Sainsbury's mentioned in the transcript?

• Mike Coupe

• John Smith

• Anna Brown

• David Green