Mike Coupe

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Last quote by Mike Coupe

The market remains very competitive and the impact of cost price pressures remains uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy.
Mar 16 2017
The market remains very competitive and the impact of cost price pressures remains uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy.” said Mike Coupe on this article: Sainsbury's leans on Argos as supermarket sales slip. This page contains 10 articles quoting Mike Coupe. Main topics on which Mike Coupe is quoted are Sainsbury and discounter. In addition you’ll find 18 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.
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Mike Coupe quotes

You're looking at three major competitors, all of whom are still seeing their sales go backwards, and perhaps they will see the compelling need to do something.

The challenge between the supermarkets and the discounters is the biggest challenge that faces our side of the industry for the foreseeable future.

Therefore, it's quite difficult over the next five years to imagine a scenario where any particular one of us becomes financially distressed for it (consolidation) to become an imperative. But it's certainly not impossible.

Despite the fact that the big four grocers have closed the price gap considerably to the discounters it hasn't reached a tipping point where the movement of customers towards the discounters has either reduced or stopped.

In any scenario you end up potentially with a bunch of real estate that you probably wouldn't want. So why would you get involved in that?

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