THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Sainsbury's posts solid Q1 sales

Sainsbury’s said it put in a solid sales performance in its first quarter as it delivered its 34th consecutive quarter of sales growth.

GENERAL MERCHANDISE

Sainsbury's posts solid Q1 sales

In the 12 weeks to 8 June, total sales excluding fuel rose by 3.3% while like-for- like sales edged up 0.8% in what the supermarket described as a challenging market. 

Sainsbury’s grew its market share by 0.2% to 16.8% in the quarter as it added nearly 82,000 square feet to its store estate with the opening of 19 convenience stores and one new supermarket. In addition, 13 convenience stores and six supermarkets were refurbished while the contribution to like-for-like sales from extensions was 0.2%.

The supermarket said its convenience business was a strong driver for growth, with sales up nearly 20% year-on-year underpinned by strong life-for-like sales. The online groceries business also performed well with growth of over 16% year-on-year.

Non-food sales increased at over twice the rate of food on the back of a strong performance from homewares. Sales of kitchen electrical and cookware items were particularly buoyant, growing by 34% and 23% respectively.

Sainsbury’s chief executive Justin King said: "This has been a solid performance in what continues to be a tough consumer environment.

"During the quarter we lapped some of our strongest performance of last year, culminating in the Queen’s Diamond Jubilee, and have extended our track record to 34 quarters of like-for-like growth.

"We are the only major grocer growing market share, up 0.2% to 16.8%." 

Regarding the outlook, King said he expected the challenging economic environment to continue throughout the financial year. he added: "By helping our customers to Live Well For Less through our ongoing commitment to great quality own-brand products,Brand Match, competitive pricing and targeted promotions via Nectar and coupon-at-till, we are well positioned to continue to outperform the market."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing