Sainsbury's blames sales slip on falling food prices as it lags behind cheaper rivals



Sainsbury's ceded more ground to rivals Tesco and Morrisons as well as the budget stores after it today posted its second consecutive quarterly drop in like-for-like sales.
The UK's embattled supermarket group, which completed a £1.4billion deal with the owner of Argos earlier this month, saw like-for-like sales excluding fuel drop 1.1 per cent.
In the battle against the likes of Aldi and Lidl, Sainsbury's blamed falling food prices astotal sales at the supermarket fell by 0.4 per cent in the quarter. The poor showing puts a lot of pressure on the Argos deal to bring results.
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28 September 2016 in Business, Views: 35
Source: Daily Mail
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