Sainsbury sales rise as market share stays steady

J Sainsbury, Britain’s third-largest supermarket company, predicted a resumption of sales growth this year as it tracks price cuts by competitors and expands its online and convenience-store presence.

7th May, 2014
Sainsbury rose as much as 3.5 per cent in London trading.

J Sainsbury, Britain’s third-largest supermarket company, predicted a resumption of sales growth this year as it tracks price cuts by competitors and expands its online and convenience-store presence.

Sales at stores open at least a year in the year through March 2015 will rise at a “similar” pace to the previous 12 months, London-based Sainsbury said today, marking a turnaround from a 1.1 per cent drop in the second half of last year.

Sainsbury...

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