Sainsbury’s sales suffer amid supermarket price war



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

 
28 September 2016 in Business, Views: 34
Source: Scotsman
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