What happened on 26th May 2023 - with your comments in the Web
On Friday, an owner of Sainsbury's, the second largest chain of supermarkets in the United Kingdom, tried to convince Britons that they are not profiting from high prices . When asked if the UK's second largest supermarket had been profiteering, Simon Roberts said: "Absolutely not." Critics have accused food retailers of "greedflation" - putting prices up to bolster profits. But Mr Roberts told the BBC that Sainsbury's and other grocery chains had spent money to "battle inflation" and avoid passing all of the rising costs onto consumers. Some Redditors believed him and the data offered by the BBC: "The figures are out there for anyone to read. The supermarkets have not been profiteering from inflation. The very fact that there has been shortages on the shelves tells you that they refuse to put prices up on some goods." "Nearly all the profit increase that Sains has been seeing recently is due to the closure of argos stores ...