Sainsbury’s Invest Millions In Store Development

But “no plans for Chiswick at the present time”

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Despite announcing healthy profits and a £273 million investment in their stores, Sainsbury's has told that “whilst we are always looking at ways we can improve our stores, we have no plans for Chiswick Sainsbury's at the present time.”

Their response came after Sainsbury's chief executive Justin King said the company had seen £2.7 billion of sales growth since March 2005 and hit growth targets ahead of plan. He warned that shoppers "are facing real increases in their cost of living", but believed Sainsbury's was well-positioned to "meet the demands of a challenging environment".

Commenting on the multi million pound investment project he said, "This venture is an excellent opportunity for Sainsbury's to increase our interest in the future extension and development of many of our most important stores. This will enable us to enhance the customer offer, increasing both the trading and property value of these assets."

March 28, 2008