Sainsbury released positive Q3 retail sales growth on a lfl basis. This growth remains very low, at only 0.1%, compared to 2.9% for Morrisons over 7 weeks to 7 January. The recently-acquired Argos contributed 4.0% lfl sales, in which online sales soared in the festive period (contributing 50% of total sales). In fact, during the Christmas period, Sainsbury’s sales reached £1bn across the group. The Q3 combined Sainsbury’s and Argos’s sales were up by 1.0% on a lfl basi
11 Jan 2017
Though marginal, first positive lfl growth since 2014
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Though marginal, first positive lfl growth since 2014
J Sainsbury plc (SBRY:LON) | 259 -9.8 (-1.4%) | Mkt Cap: 6,153m
- Published:
11 Jan 2017 -
Author:
Ranya GNABA -
Pages:
2
Sainsbury released positive Q3 retail sales growth on a lfl basis. This growth remains very low, at only 0.1%, compared to 2.9% for Morrisons over 7 weeks to 7 January. The recently-acquired Argos contributed 4.0% lfl sales, in which online sales soared in the festive period (contributing 50% of total sales). In fact, during the Christmas period, Sainsbury’s sales reached £1bn across the group. The Q3 combined Sainsbury’s and Argos’s sales were up by 1.0% on a lfl basi