The new Chief Executive of Sainsbury's Mike Coupe
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Sainsbury's boss mothballs shop plans as sales fall

The supermarket chain Sainsbury's has said it is going to cut back spending on new stores.

The firm reported a half-year loss before tax of £290m and said that like-for-like sales had fallen 2.1% during the period.

Speaking to the BBC's Simon Jack, Mike Coupe, the new chief executive of Sainsbury's, said it was a very challenging time for supermarkets.

First broadcast on BBC Radio 4's Today programme on Wednesday 12 November.

  • 12 Nov 2014