Advertise with

Sainsbury's sales dip for fifth straight quarter - UK
Sainsbury's sales dip for fifth straight quarter - UK

Sainsbury's sales dip for fifth straight quarter - UK


Fin24 - Mar 18th 2015, 10:19

London - British supermarket Sainsbury's posted a fifth straight quarter of declining underlying sales and said it did not expect the trading environment to improve any time soon. 

The group, which trails market leader Tesco and Walmart's Asda by annual sales, said on Tuesday sales at stores open over a year fell 1.9%, excluding fuel, in the 10 weeks to March 14, its fiscal fourth quarter.

That compares with company guidance of down about 2% and a third quarter fall of 1.7%.
Sainsbury's said it expected the market to remain challenging for the near future.

"Food deflation is likely to persist for the rest of this calendar year, and competitive pressures on price will continue," it said, adding that it expected to outperform its supermarket peers.


Read more about: walmart | sainsbury's | london | asda

Related News

Profits fall at Aldi UK but continuing expansion drive
18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus.

Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets
10/09/2019 - 09:28
Representatives from Walmart’s Global Sourcing team are in Johannesburg to meet with 18 of Massmart’s South African suppliers who are interested in exploring opportunities to export their products to Walmart markets.

Walmart Q2 revenue grows 1.8% year on year
20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.

Walmart must hire someone who can stop the bleeding at its online business
15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead.

Walmart aims to list minority stake in Japan unit Seiyu
01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow.