Grocer Sainsbury under pressure on Brexit costs

UK supermarket Sainsbury is struggling to keep up with supermarket rivals and discounters in a British grocery market under pressure from a Brexit-induced fall in the value of sterling.

Data from researcher Kantar Worldpanel showed that as well as lagging the growth of cut-price grocers Aldi and Lidl, Sainsbury’s food sales are also trailing rivals Tesco and Morrison supermarkets.

Amid tough competition, all of the UK’s major grocers have struggled to pass along higher costs stemming from a fall in sterling since the UK voted to leave the EU almost a year ago.