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Sainsbury’s sees retail gross sales fall 1.1% over Christmas

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Sainsbury’s has seen its like-for-like retail gross sales fall by 1.1% throughout the Christmas vacation interval.

The grocery store large stated within the 15 weeks to 9 January, grocery gross sales grew by zero.four%, with groceries on-line and in comfort shops up by 6% and three%.

However normal merchandise gross sales fell 2.three% and general clothes gross sales fell zero.2%.

Chief govt Mike Coupe stated: “Retail markets are extremely aggressive and really promotional and the buyer outlook continues to be unsure.”

He added: “Normal merchandise gross sales grew strongly over the important thing Christmas weeks and outperformed the market over the quarter.

“Gross sales declined within the quarter attributable to cautious buyer spending and our choice to cut back promotional exercise throughout Black Friday. Clothes carried out properly, with robust full-price gross sales progress in a troublesome market.”

The third quarter retail gross sales determine was worse than analysts had anticipated, having predicted a zero.2% decline.

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