“We are currently at just over 700 convenience stores and we’re opening roughly one or two a week,” Coupe is reported as saying.
“At that rate you can easily get to 1,000 and, within the realms of possibility, 1,500,” he told The Mirror.
However, a spokeswoman for Sainsbury downplayed the comments, claiming the figure was only intended to be an indication of the potential for the retailer’s expansion into convenience.
“Mike confirmed what we’ve said before: namely, we are opening around two convenience stores each week.
“So, in the next three or so years we have the potential to reach 1,000 convenience stores; and in the long-term, ie over the next eight to 10 years, we have the potential to reach 1,500.”
In his interview in The Mirror, Coupe was quoted as predicting falling grocery prices would continue for the next 12 months, which was good news for shoppers. But he said the grocery industry faced massive upheaval in the next decade and some rivals would not survive.