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Sainsbury's warns conditions remain challenging

Sainsbury’s like-for-like retail sales excluding fuel fell 0.8% in the 12 weeks to June 4, compared to the same period in 2015.

Sainsbury's Tu

Total retail sales excluding fuel were up 0.3%.

Sainsbury’s said general merchandise and clothing “continue to perform well, with good sales growth across both businesses”, but it did not give a breakdown of sales for this division.

Chief executive Mike Coupe described it as a “solid start to the year”, emphasising that there had been transaction growth across all channels and total volume growth.

He warned that market conditions “remain challenging” due to food price deflation, but added: “However, we are confident that our strategy to be a trusted multichannel, multi-product and services retailer is delivering and will enable us to continue to outperform our major peers.”

 

 

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