GENERAL MERCHANDISE NEWS
Strong growth continues at Sainsbury’s
28 March, 2007 | by Retail Bulletin
Like-for-like sales are up 4.9 per cent or 5.9 cent excluding fuel in the final quarter, slightly ahead of company expectations.
Sales of Fairtrade products grew by 50 per cent during the quarter. Fairtrade fortnight at the beginning of March saw sales grow 150 per cent compared to the previous year. Justin King, chief executive, said ‘We have now completed the second year of our Making Sainsbury’s Great Again recovery plan and have delivered strong sales growth in our fourth quarter, the ninth consecutive quarter of growth. Like-for-like sales excluding fuel were up 5.9 per cent, slightly ahead of our expectations as we continued to grow market share in a strong market”
