Corporate objectives
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- From recovery to growth
2007 to 2010 plan - Capital expenditure of
£2.5 billion by March 2010
- Profit - profit growth
flowing through at a
percentage rate in
high single digits
- Costs - 2007/08 cost savings
of £155 million on track,
thereafter ongoing annual
productivity to create cost
savings to offset half our
operating cost inflation
- Annual investment
in price and quality
of 100 - 150 bps
- Channel growth
through online and
convenience expansion
- Development of grocery
and non-food ranges
- Space growth - ten per cent
new space by March 2010
- Sales growth - total additional
sales of £3.5 billion by March 2010
- Cash flow neutral
over three years
