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Sainsbury's like-for-likes down 0.8% in first quarter

Sainsbury’s has said it made a “solid” start to the year despite a 0.8% fall in like-for-like sales in its first quarter.

GENERAL MERCHANDISE

Sainsbury's like-for-likes down 0.8% in first quarter

Sainsbury’s has said it made a “solid” start to the year despite a 0.8% fall in like-for-like sales in its first quarter.

Total retail sales excluding fuel edged up 0.3% in the three months to 4 June.

The supermarket’s chief executive Mike Coupe said market conditions remained challenging as it battled against food price deflation and pricing pressures.

He added: “We have made a solid start to the year with like-for-like transaction growth across all our channels and total volume growth. Customers continue to shop with Sainsbury's, knowing we will deliver on our commitment to provide great quality products and services at fair prices, whenever and wherever they wish to shop.”

Meanwhile, the supermarket’s clothing sales rose by nearly 5% in the quarter while general merchandise sales grew by over 5%.

The supermarket’s convenience business achieved growth of over 6% as it opened seven new convenience stores.

Online grocery sales performed well with over 8% sales growth and nearly a 13% increase in orders.

During the quarter Sainsbury’s implemented its decision to remove Brand Match as part of its simpler trading strategy to offer lower regular prices.

Coupe said: "Sainsbury's is well-positioned. Our core food business offers customers choice, quality and a clear value proposition. General merchandise and clothing continue to perform well with good sales growth across both businesses, and we continue to see encouraging results from Sainsbury's Bank, a significant opportunity for long-term growth.

"We are confident that our strategy to be a trusted multi-channel, multi-product and services retailer is delivering and will enable us to continue to outperform our major peers."

 

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