Feeding a trend

Sainsbury has just reported its strongest growth in a decade. That’s not what an upscale supermarket is supposed to do in a bad recession. Justin King, the boss of the UK’s third largest grocery retailer, has a done good job – partly by correcting past mistakes. If he continues to remedy former management’s biggest error – losing its way on pricing - Sainsbury’s may do even better in a recovery. The signs are good. Underlying sales, excluding fuel and stripping out December’s cut in value-added ...