Sainsbury’s has said it intends to open 75 new convenience stores over the next three years, as part of wider overhaul plans to cut costs.

The supermarket unveiled its latest strategy revamp, known as ‘Next Level’ today, that will see it cut costs by £1bn over the next year, focusing on technology investments.

When confirming plans to open more convenience stores, it cited a “significant rebalancing opportunity to allocate more space to food on the move ranges, the primary mission of most customer visits”.

Sainsbury’s also revealed plans to cut general merchandising and clothing ranges in stores, and fill the gaps with in-demand grocery ranges. In addition, it will invest further in its smart ultra-rapid EV charging network and pledged to add charging bays to more than 100 stores by the end of the year.

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Chief executive, Simon Roberts said the strategy is “about giving customers more of what they come to Sainsbury’s for”. “We’re going to build on what’s driven our success since 202,” he explained. “We’re determined to be First Choice for Food, ensuring more customers in more of our stores can enjoy more brilliant Sainsbury’s food. That means more space for our food offer, while still delivering the general merchandise products customers want from us. That way, not only will we find more ways to delight new and existing customers, we will also continue growing volume market share.”

Sainsbury’s admitted to only having a full food range across 15% of stores, but now intends to increase grocery across all its 600 supermarkets, while focusing expansion efforts on 1t80 “highest potential” sites.

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