Sainsbury’s: sales continue to fall amid challenging times
Print8 June 2016
Amid the Kantar Worldpanel results for the ferociously competitive UK grocery market, the tough times are continuing for Sainsbury’s which has recorded a further drop in sales.
In the 12 weeks to 4th June, sales at Sainsbury’s stores (excluding newer outlets) like-for-like sales fell by 0.8%. While this is actually better than expected following a forecasted fall of 1.4%, it represents another step back from the companys fractional increase of 0.1% in the last financial year.
It wasn’t all bad news for Sainsbury’s, however. Connor Campbell, senior analyst at spreadex.com, described the company as having “bounced back.
“Rising over 2.5% Sainsbury’s saw like-for-like sales fall 0.8% for the 12 weeks to June,” said Campbell, “better than the 1.2% slide seen in the 12 weeks to May 22nd, alongside a 0.3% jump in total group sales.”
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