Tuesday March 31, 2020

Sainsbury maintains growth record as competitors lose ground

J Sainsbury reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.

12th June, 2013
Sales at Sainsbury stores rose 0.8%, excluding revenue from fuel.

J Sainsbury, Britain’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.

Sales at stores open at least a year rose 0.8 per cent, excluding revenue from fuel, in the 12 weeks ended June 8th, London-based Sainsbury said today. The median estimate of 12 analysts compiled by Bloomberg News was for 0.9 per cent growth.

Sainsbury’s revenue gain...

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