Sainsbury Reports Robust Trading over Christmas
Tuesday, January 10, 2012 12:34According to the third-biggest supermarket in the UK–J Sainsbury, it is unveiled that the retailing chain had obtained robust Christmas trading figures which indicated an acceleration in its sales growth towards the end of 2011.
Sainsbury said that after stripping out petrol sales but not sales tax, the like-for-like sales in the 14 weeks to January 7th of the company were up by 2.1%, compared to the figure in 2010.
Sainsbury’s performance during the third quarter of last financial year was an improvement on the 1.9% the company had posted over the preceding 6 months. According to a poll of market expectations carried out by Bloomberg, it was shown that this figure was also better than the 1.8% growth which was expected by the analysts.





