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Guardian
2d
138
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Sainsbury’s joins UK retailers’ £1bn profits club but warns of flat year ahead
- Sainsbury’s warns of flat year ahead as it faces an expected price war and rising costs.
- The supermarket group aims to maintain its competitive edge amidst increasing competition.
- Sainsbury’s saw annual pre-tax profits rise to £384m, but expects profits to decline this year.
- The company plans to cut costs, invest in automation, and continue keeping prices down.
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