Sainsbury’s sees rise in Q1 sales
Published:  12 June, 2013

Sainsbury’s posted a positive sales growth of 3.6% in a first quarter trading statement today.

The supermarket chain has also managed to increase its share of the market by 0.2%, as well as upping its like-for-like (LFL) sales by 0.8% (excluding fuel).

Chief executive Justin King said in a statement that it showed the company was performing well in what was a “tough consumer environment”. He said the chain had also added another notch on its belt, with 34 quarters of LFL growth. “We are the only major grocer growing market share, up 0.2% to 16.8%,” he said.

King also explained that progress was being made with Sainsbury’s Sustainability Plan and said the chain was continuing to look at its “sourcing integrity”. He said: “Our new-season British lamb will be sourced from our supplier’s (Dunbia’s) state-of-the-art facility in Wales, which has secured 600 jobs in the rural community.

He explained that the agreement to source lamb from Dunbia in Wales had followed Sainsbury’s support of its own Lamb Development Group, which saw commitment given to farmers during the tough winter months. King spoke of such commitment at a plant opening last Friday (7 June), where he said support was given because it was needed.
Another driver of growth was the convenience sector, which King said saw year-on-year sales increase by almost 20%, adding that the online business had also grown by more than 16% year-on-year. He added: “We expect the challenging economic environment to continue through this financial year.”




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