Rolling coverage of the latest economic and financial news
UK supermarket chain J Sainsbury appears to have disappointed the City with its Christmas trading performance.
Shares in Sainsbury’s have dropped by almost 4% at the start of trading in London, after the company reported weaker-than-expected sales growth over the crucial festive period.
Fresh food sales grew by 8% and Taste the Difference was the fastest growing Premium Own Label brand in the market, with our best ever ranges of Christmas innovation driving Taste the Difference Fresh sales growth of 15%.
The Argos transformation plan continues to make progress, delivering volume growth across the whole quarter despite significant headwinds from online traffic trends, a tough and promotional general merchandise market and weak consumer confidence.
Continue reading…Rolling coverage of the latest economic and financial newsUK supermarket chain J Sainsbury appears to have disappointed the City with its Christmas trading performance.Shares in Sainsbury’s have dropped by almost 4% at the start of trading in London, after the company reported weaker-than-expected sales growth over the crucial festive period.Fresh food sales grew by 8% and Taste the Difference was the fastest growing Premium Own Label brand in the market, with our best ever ranges of Christmas innovation driving Taste the Difference Fresh sales growth of 15%.The Argos transformation plan continues to make progress, delivering volume growth across the whole quarter despite significant headwinds from online traffic trends, a tough and promotional general merchandise market and weak consumer confidence. Continue reading…
