Sunday October 25, 2020

Sainsbury gets boost from cost sensitive shoppers

Britain’s third largest supermarket chain, Sainsbury said first-half profit increased 5.4 per cent as the retailer’s Brand Match campaign helped attract cost-sensitive shoppers.

14th November, 2012
2
Sainsbury’s share of Britain’s grocery spending rose to 16.8 per cent.

Britain’s third largest supermarket chain, Sainsbury said first-half profit increased 5.4 per cent as the retailer’s Brand Match campaign helped attract cost-sensitive shoppers.

Underlying pretax profit rose above expectations to £373 million in the six months ended September 29th, the London-based retailer said today. First-half revenue excluding value-added tax rose 4 per cent to £12.2 billion, the company said.

Britons are seeking better value from retailers as living costs and inflation have increased,...

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