January 8, 2020 / 8:52 AM / 16 days ago

No change in shopper behaviour after UK election - Sainsbury's CEO

LONDON (Reuters) - Sainsbury’s (SBRY.L), Britain’s second largest supermarket, did not experience any change in shoppers’ behaviour after the Dec. 12 national election, its boss said on Wednesday.

Following a year of political instability and uncertainty over Brexit, retailers had hoped the election’s decisive result - a commanding parliamentary majority for Prime Minister Boris Johnson’s Conservatives - would release pent-up demand from the nation’s shoppers.

“In our business we didn’t see any material change in customers’ behaviour post the election,” Chief Executive Mike Coupe told reporters after Sainsbury’s updated on festive trading.

“I suspect there won’t be any significant change in customers’ behaviour until we get some line of sight on what the (March 11 government) Budget looks like and how the Brexit settlement works out,” he said.

Reporting by James Davey, Editing by Paul Sandle

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