UK: Clothing "performs well" in Sainsbury's festive quarter
- Like-for-like sales increased by 1.5%
- Excluding fuel, like-for-likes rose 0.9%
- Clothing sales up 10% year-on-year
Supermarket retailer Sainsbury's has booked a 3.9% increase in third-quarter sales, boosted by its "strongest ever" Christmas trading period and growth in clothing.
Like-for-like sales increased by 1.5% in the three months to 5 February, its thirty-second consecutive set of positive like-for-like figures. Excluding fuel, like-for-like sales were up 0.9% in the quarter.
The result also showed a slowdown in comparable growth, which had risen by 1.7% in the proceeding six months.
CEO Justin King said the firm delivered "good sales" in a "challenging retail environment".
He added: "Customers are increasingly attracted into store by our complementary general merchandise and clothing offer and sales have continued to grow at a faster rate than food, increasing market share across non-food.
"Clothing has performed particularly well, growing at over 10% year-on-year, driven by investment in core ranges across women, men's and kids and a number of profitable promotions."
The company said its online business grew at over 15% during the quarter, with 60% of general merchandise orders collected via its 'Click & Collect' service.
Looking ahead, King said Sainsbury's remains cautious. "We expect the challenging economic backdrop to persist, with customers looking to re-balance their household budget after the festivities and so spending cautiously in the first few months of 2013."
More than 170 companies have now signed the Accord on Fire and Building Safety in Bangladesh following the collapse of the Rana Plaza factory building in Dhaka, which killed more than 1,100 people las...
Companies representing more than a third of UK clothing sales have signed the Sustainable Clothing Action Plan (SCAP) 2020 Commitment, a scheme that will see them work together to reduce the environme...
UK supermarket operator Sainsbury's is set to re-launch its Tu clothing range this week as part of efforts to grow its non-food business. ...
UK supermarket operator Sainsbury's said clothing sales grew during the first quarter, despite tough comparatives from the Jubilee and good weather last year. ...
- Improved supplier capabilities benefit Next
- THE FLANARANT: Understand win-win or lose out
- China and Vietnam lead US apparel imports in July
- Next H1: What the analysts say
- Retailers voice concerns on Scottish independence
- H&M goes green with Conscious Denim
- TPP talks "make progress" but issues remain
- Brandix selects first "game-changing" innovations
- Adidas defends position despite investor unrest
- Ultrasonic execs disappear along with company cash
- Wool in the 21st Century: new prospects for a familiar fibre
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global Database of the Top 1000 Cut and Sew Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details