Sainsbury Sales Slip
March 16 2017 - 4:02AM
Dow Jones News
By Rory Gallivan
LONDON--U.K. retailer J Sainsbury PLC (SBRY.LN) on Thursday
reported a fall in supermarket sales in the nine weeks to March 11
amid a competitive environment, but said it was pleased with its
performance.
Total sales excluding fuel at the company's supermarket
Sainsbury's fell 0.1% in the period and were down 0.5% on a
comparable basis, stripping out factors such as new stores, the
company said in a fourth-quarter trading statement.
Total sales at the company's catalog-based retailer of
furniture, electronics and other items, Argos, were up 3.8%; on a
comparable basis, sales rose 4.3%.
"We are pleased with this performance and are making good
progress against our key priorities," said Chief Executive Mike
Coupe.
"The market remains very competitive and the impact of cost
price pressures remains uncertain," he added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
March 16, 2017 03:47 ET (07:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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