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13/01/2005
Sainsbury's reveal slow in food sales decline
Troubled supermarket chain, Sainsbury's is on the road to recovery, the chief executive has said, following the publication of its Christmas trading figures.
The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December. Sainsbury's claim that this was due to increased levels of availability and customer service, including the recruitment of 3,000 extra staff, during this period.
Commenting on the sales, Chief Executive, Justin King, said: "Supermarket like-for-like sales growth for this quarter was in line with quarter two and was supported by strong petrol sales. After a difficult November, there was an improving trend over the Christmas and New Year period last year. This sales performance was in line with our plans and was a good first step in delivering our sales-led recovery."
Mr King said that he was "particularly pleased" with the improvement in the company's levels of availability and customer service over the festive period, adding: "Our customers are starting to see the benefit".
The Chief Executive said that this investment in the "customer offer" would continue in 2005. He said: "We are continuing to provide great quality products at fair prices and have improved our competitive pricing position." Sainsbury's have lowered the prices of 6,000 products in their stores over the past few months, in order to compete with rivals Tesco and Asda.
Mr King warned that trading in the fourth quarter would be "challenging". However, he said that the company would "continue to invest in the customer offer" and added that Sainsbury's have made vast improvements to their competitive pricing position: "Since this time last year, we have lowered the prices of 6,000 products and our overriding objective is to deliver a competitive offer for our customers."
The statement also revealed that Sainsbury's Bank has under-performed in the last quarter, delivering a net income growth of around 20%, which was below expectations.
Sainsbury's fourth quarter pre-close trading statement will be made on March 24, 2005.
(KMcA/SP)
The company's third quarter trading statement revealed that like-for-like sales, excluding petrol, fell by 1.2% compared to a year ago, but the decline slowed to 0.4% during December. Sainsbury's claim that this was due to increased levels of availability and customer service, including the recruitment of 3,000 extra staff, during this period.
Commenting on the sales, Chief Executive, Justin King, said: "Supermarket like-for-like sales growth for this quarter was in line with quarter two and was supported by strong petrol sales. After a difficult November, there was an improving trend over the Christmas and New Year period last year. This sales performance was in line with our plans and was a good first step in delivering our sales-led recovery."
Mr King said that he was "particularly pleased" with the improvement in the company's levels of availability and customer service over the festive period, adding: "Our customers are starting to see the benefit".
The Chief Executive said that this investment in the "customer offer" would continue in 2005. He said: "We are continuing to provide great quality products at fair prices and have improved our competitive pricing position." Sainsbury's have lowered the prices of 6,000 products in their stores over the past few months, in order to compete with rivals Tesco and Asda.
Mr King warned that trading in the fourth quarter would be "challenging". However, he said that the company would "continue to invest in the customer offer" and added that Sainsbury's have made vast improvements to their competitive pricing position: "Since this time last year, we have lowered the prices of 6,000 products and our overriding objective is to deliver a competitive offer for our customers."
The statement also revealed that Sainsbury's Bank has under-performed in the last quarter, delivering a net income growth of around 20%, which was below expectations.
Sainsbury's fourth quarter pre-close trading statement will be made on March 24, 2005.
(KMcA/SP)
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Sainsbury's chairman steps down
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Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
08 January 2014
Sainsbury's Records Strong Sales
Sainsbury's has said it has recorded "strong sales" in its third-quarter trading performance. In the 14 weeks to 4 January 2014, the supermarket chain said like-for-like sales, which strip out the effect of new stores and excludes fuel, increased by 0.2%. This was the 36th consecutive quarter of like-for-like sales for the firm.
Sainsbury's Records Strong Sales
Sainsbury's has said it has recorded "strong sales" in its third-quarter trading performance. In the 14 weeks to 4 January 2014, the supermarket chain said like-for-like sales, which strip out the effect of new stores and excludes fuel, increased by 0.2%. This was the 36th consecutive quarter of like-for-like sales for the firm.
08 May 2013
Sainsbury's Post Fall In Profits
Sainsbury's has recorded a fall in its pre-tax profits for the year to 16 March, despite an increase in sales. In a letter to its shareholders, the supermarket added that conditions would likely "remain challenging" for the year ahead. For the year, profits dropped by 1.4% to £788m, while sales – including fuel – increased by 4.5% to £23.3bn.
Sainsbury's Post Fall In Profits
Sainsbury's has recorded a fall in its pre-tax profits for the year to 16 March, despite an increase in sales. In a letter to its shareholders, the supermarket added that conditions would likely "remain challenging" for the year ahead. For the year, profits dropped by 1.4% to £788m, while sales – including fuel – increased by 4.5% to £23.3bn.
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