Sainsbury's shares jump on record Christmas takings



Sainsbury's has joined the grocers posting an increase in sales over the critical festive trading period, including record takings in the final week leading up to Christmas Day.
Britain's second largest supermarket chain reported all-time high sales of £1bn in that last week, says the BBC.
Like-for-like sales, which compares only stores open more than a year and excludes the impact of newly acquired Argos and the recent sale of Sainsbury's pharmacy business, rose by 0.1 per cent for the 15 weeks to 7 January.
But coming at a time when food prices have been falling, even that was seen as a... read more

 
11 January 2017 in Business, Views: 45
Source: The Week
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