Sainsbury's sales continue to suffer in supermarket price war



Sainsbury's has posted a second consecutive quarterly fall in sales as it remains under pressure amid the bitter supermarket war and food price deflation.
Britain's second biggest supermarket, which recently completed a £1.4 billion takeover of Argos, reported a 1.1% drop in like-for-like sales excluding fuel for the second quarter.
Boss Mike Coupe said: "We continue to make progress against our strategy and, while like-for-like sales were down 1.1%, driven by food price deflation, we delivered like-for-like transaction growth across all channels and total volume growth."... read more

 
28 September 2016 in Regional East, Views: 24
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