Excellent first quarter for Sainsbury's

Excellent first quarter for Sainsbury's

British retailer Sainsbury’s has performed very well in its first quarter, with a 2.3 % like-for-like turnover growth - thereby “outperforming the market” in merchandise and clothing.

Online surge

As one of the Big Four (alongside Tesco, Morrisons and Asda), supermarket chain Sainsbury’s performance is always an indication of how the very competitive British market is holding up, considering the barrage coming from discounters Aldi and Lidl. Grocery sales went up 3 % and the number of transactions rose by 1.9 % over the quarter.

 

CEO Mike Coupe felt the “differentiated strategy” helped the company boost sales, with “strong food sales where we have invested in product innovation”. The Produce category performed “particularly well, outperforming the market with volume growth of over one per cent.”

 

Argos helped the chain's online growth considerably, up 8 %. The chain’s Fast Track delivery service grew 36 % and collection services even grew 64 %, thanks to the hot weather. Coupe believes the company is ready for the future: “Our strategy is delivering and we are well placed to navigate the external environment.”

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Macron wants World Heritage recognition for French baguette

15/01/2018

French president Macron and the union of French bakers want to get the French baguette listed as Unesco World Heritage. If it succeeds, it will follow in the footsteps of Belgian beer and pizza from Napoli.

Lactalis recalls 12 million packs of baby milk

15/01/2018

Dairy manufacturer Lactalis is in the eye of the storm in France, because its baby milk has been contaminated with salmonella. It had to recall 12 million packs across 83 countries.

Larger packaging does not always equal lower prices

15/01/2018

Many supermarket items in large packaging are cheaper by the kilo or the liter than small packages, but in some cases, the reverse is true. Much depends on the standard packaging.

Delhaize reshuffles board

15/01/2018

Delhaize just announced it will rearrange its board and it also launched a new campaign, called “Mee met ‘t Leven” (Get on with life).

“Ferrero close to Nestlé's American chocolate division"

11/01/2018

Italian Ferrero and Swiss Nestlé are close to a deal for the former to acquire the latter’s American chocolate division. Nutella and Tictac’s manufacturer would be willing to pay 2.8 billion dollars to get brands like Butterfinger and Baby Ruth.

This self-driving convenience store brings fresh food to your door step

11/01/2018

A convenience store that drives around the neighbourhood by itself with a supply of fresh food: according to American startup Robomart, that is the convenience store’s future. It recently revealed a prototype in Las Vegas.

Back to top