Grocer defies economic downturn by announcing sales are up in second quarter results
Sainsbury’s revealed strong sales growth in the face of difficult trading conditions in its second quarter trading statement. Total sales for Q2 were up 8.4 per cent (or 5.3 per cent excluding fuel), with the grocer citing non-food ranges a major factor in fuelling growth.
Like-for-like sales for Q2 were up 7.5 per cent (4.3 per cent excluding fuel) and like-for-like first half sales were up 7.4 per cent (3.9 per cent excluding fuel).
“This is a good result and given the current environment shows how the strength and broad appeal of the Sainsbury’s brand has improved substantially during the past four years,” said chief executive Justin King.
King acknowledged that customer’s wallets were feeling the strain: “During the quarter we continued to develop our offer to help customers manage tighter budgets without the need to sacrifice food quality. Customers have responded well and transaction numbers continue to grow.
“We have also refocused our promotional offers with simple and effective deals and updated the look and feel of our stores with new point-of-sale materials which highlight key offers and promotions,” the chief exec added.
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Comments
dont know how
i never shop there, they are so expensive !! moved onto Netto and the budget supermarkets now !!! hardcore!
Obviously the Waitrose shopper has migrated down market.
When ever I go in, there stores looked tired and poorly stocked compared to ASDA and Tesco.
Having said that. NEVER venture into Wolverhampton ASDA. The families of 17 screaming kids and crack whores will steal your re-usable carrier bags and if they don't, the Kosovans will wash your car and kidnap your children unless you fork out the three quid [five if they've dried it] they demand at sponge point.
Go to Stafford instead. Full of yummy mummies and the restaurant serves a mean chicken tikka!
Re: Obviously the Waitrose shopper has migrated down market.
Good for Sainsburys. Hate Tesco and Asda, full of chavs.
Re: Re: Obviously the Waitrose shopper has migrated down market.
I shop at M&S, Harrods and Selfridges for my food!
If I want to eat cattle feed I'll stick my head in trough!
Bunch of tramps all of you!
Re: Re: Re: Obviously the Waitrose shopper has migrated down mar
Not being funny but it is not really that hard to increase sales. Where are the figures for profit. The fact that they sell more does not mean they are making more money.
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