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25/10/2001
Safeway show strong sales growth
Safeway, the UK's fourth biggest supermarket chain, has reported strong sales growth after revealing sales rose by 5.4 per cent over the July to October period.
The results, which are the eighth successive quarter in which the retailer has delivered growth of more than five per cent, follows Wednesday’s report by Sainsbury who are beginning to show signs of recovery with like-for-like sales growth of 5.3 per cent over the quarter.
Safeway is also accelerating a store refurbishment and investment programme to support further sales growth.
Its trade over the July to October quarter was however, lower than in the previous three months, when the retailer achieved sales growth of 6.1 per cent.
Safeway shares meanwhile stood 3.25p lower at 339p in morning trade on Thursday October 25. (MB)
The results, which are the eighth successive quarter in which the retailer has delivered growth of more than five per cent, follows Wednesday’s report by Sainsbury who are beginning to show signs of recovery with like-for-like sales growth of 5.3 per cent over the quarter.
Safeway is also accelerating a store refurbishment and investment programme to support further sales growth.
Its trade over the July to October quarter was however, lower than in the previous three months, when the retailer achieved sales growth of 6.1 per cent.
Safeway shares meanwhile stood 3.25p lower at 339p in morning trade on Thursday October 25. (MB)
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
