UK: Non-food boosts Sainsbury’s Q2 sales
- Q2 sales up 3.2%
- Like-for-likes up 1.3%
- Non-food growing at nearly three times the rate of food
Supermarket retailer J Sainsbury posted a 3.2% increase in second quarter sales, boosted by revenue growth for the company's non-food ranges.
The UK company, whose Tu clothing brand celebrated its fifth birthday in September, said non-food sales were now growing at nearly three times the rate of food.
The sales hike follows the launch of the company's non-food ranges online in July, although it does not yet offer clothing on its website - unlike rival Tesco, which relaunched its online clothing offer earlier this month.
Total sales for the 16 weeks to 3 October were up 3.2%, or 6.8% excluding fuel, Sainsbury's said.
Like-for-like sales rose 1.3%, or 4.6% excluding fuel.
Chief executive Justin King said he expected market growth to slow in the coming months due to reduced inflation, but claimed that the retailer was well-positioned for the future.
"The Sainsbury's brand continues to perform well in what remains a challenging consumer environment," he added.
"Our non-food ranges are performing well and growing at nearly three times the rate of food.
"Our Tu clothing range celebrated its fifth anniversary in September and is now a well-established and popular part of our offer."
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