Sainsbury’s, the UK’s second-largest supermarket, has warned that market conditions in UK retail remain challenging. UK price inflation is currently running at 3.1%. Sainsbury’s said it is “cautious” about the consumer environment for 2018, but added that it still expected underlying profits for its 2017 financial year to be moderately above its previous guidance of £559m (€631m).
The UK retailer this week announced like-for-like grocery sales of 2.3% for the third quarter period to 6 January. This sales growth is slightly behind the rate of food inflation in the UK at 2.5%. Sainsbury’s said online grocery sales grew by more than 8% in the period, while sales from convenience stores were up 7%.
Sainsbury’s delivered third-quarter sales growth of 1.2% in its overall business. The overall business was dragged by a 1.4% decline in general merchandise sales. In contrast, German discounter Lidl said it grew sales in its UK business by 16% over the important Christmas period, with a record customer footfall in December.
ADVERTISEMENT
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Sainsbury’s, the UK’s second-largest supermarket, has warned that market conditions in UK retail remain challenging. UK price inflation is currently running at 3.1%. Sainsbury’s said it is “cautious” about the consumer environment for 2018, but added that it still expected underlying profits for its 2017 financial year to be moderately above its previous guidance of £559m (€631m).
The UK retailer this week announced like-for-like grocery sales of 2.3% for the third quarter period to 6 January. This sales growth is slightly behind the rate of food inflation in the UK at 2.5%. Sainsbury’s said online grocery sales grew by more than 8% in the period, while sales from convenience stores were up 7%.
Sainsbury’s delivered third-quarter sales growth of 1.2% in its overall business. The overall business was dragged by a 1.4% decline in general merchandise sales. In contrast, German discounter Lidl said it grew sales in its UK business by 16% over the important Christmas period, with a record customer footfall in December.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS