llanblogger exclusive ...
A RUMOURED plan to scrap its major programme of store openings won’t affect the new Sainsbury’s supermarket earmarked for Llangollen.
That’s the assurance from a spokesman for the
retail giant who says work on the development A5 is due to start shortly.
The store will
be built on the site of the existing Dobson & Crowther printworks whose new factory is rapidly
nearing completion at nearby Cilmedw.
A story in a national newspaper late last week claimed
that J Sainsbury is set to scrap a giant programme of store openings and slash
its dividend as part of a dramatic overhaul drawn up to fight falling sales.
Sainsbury’s will this week unveil the results of
a strategic review, which is expected to reveal it is reining in costs in an
effort to save cash and shore up its balance sheet.
The measures are intended to allow Sainsbury’s
new chief executive, Mike Coupe, to invest in lowering prices as well as
expanding the company’s online, convenience store and clothing businesses,
which are performing well.
Sainsbury’s sales are falling for the first time
in decade as Britain’s “big four” grocery retailers fight shifts in shopping
habits and the rise of the discounters Aldi and Lidl.
The story said it is understood that Mr Coupe
will also slash capital expenditure and Sainsbury’s new store openings.
Sales in large out-of-town supermarkets are
falling and Sainsbury’s wants to focus on opening smaller convenience stores.
But a Sainsbury’s spokesman exclusively told
llanblogger earlier today (Monday): “Our new Llangollen
store is being developed in conjunction with our development partner J Ross who
will be constructing the store before handing it over to us for its fit-out and
opening.
“We understand that they will be commencing work
on that initial phase of work, the construction of the shell, shortly.”
Explaining the background to
the controversial development, which divided public opinion in Llangollen, the
spokesman added: “J-Ross need to
complete the relocation of Dobson &Crowther, prepare the site and construct
a shell.
“They then hand that shell over
to Sainsbury’s, we fit it out and open the store.
“It’s a slightly different
process to the majority of our new stores where we would be responsible for the
construction of the new store from start to end.”