Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Sainsbury’s clothing sales grow 4%

Sales of clothing at Sainsbury’s and Argos outperformed the market with growth of more than 4% in the year to 11 March, the supermarket reported this morning.

Sainsbury's Tu Premium

Sainsbury’s Tu Premium

Sainsbury’s Tu Premium

However, overall group pre-tax profit fell 8% to £503m.

Group sales rose 12.7% to £29.1bn but Sainsbury’s like-for-like sales fell 0.9% compared with the previous year.

The retailer said general merchandise and clothing sales growth have been impacted by reduced consumer confidence, and a marked slowdown in real-pay growth.

It believes shopping for clothing in supermarkets has become firmly established and said 8 million customers now buy Tu clothing.

Sainsbury’s has increased its market share by volume by 20 basis points, making it the sixth-largest clothing retailer by volume in the UK. It said it had a strong position in the womenswear and childrenswear markets, and opportunities for future growth in menswear.

In September it launched Tu Premium womenswear with the aim of offering quality, styling and fabrics to rival high street fashion brands at significantly lower prices.

It pointed to standout pieces such as the women’s leather biker jacket at £95 and a silk blouse at £30.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.