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Tue October 20 2020

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Sainsburys to spend £1.1bn on new stores construction

13 May 10 Sainsbury's is to spend £1.1bn on construction work to expand its chain of supermarkets and convenience stores.

Sainsbury's is to spend £1.1bn on construction work to expand its chain of supermarkets and convenience stores.

In the 12 months to March 2010, Sainsbury’s spent £900m on the building 38 supermarkets and 51 convenience stores, as well as completing 13 extensions.

This financial year, the supermarket giants plans to spend an extra 20% on capital investment, totalling £1.1bn.

The retailer said it plans to build an extra 2.5m sq ft of store space by 2011, including up to 100 more smaller convenience stores.

The retailer presently holds planning consent for 70 stores.

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