UK: Sainsbury's sales growth boosted by non-food
Author: just-style.com | 24 March 2010
UK retail chain Sainsbury's has reported total sales for fourth quarter up 7.1%, saying its non-food offer grew at three times the rate of slowing food sales.
Sainsbury's said its January sale performed well, and that children's wear had become seventh in the UK market by volume.
Like-for-like sales for quarter rose 4.8%, the company said in a trading statement for the 11 weeks to 20 March 2010.
The retailer said it was on track to deliver gross space growth of 15% in the two years to March 2011, creating 13,000 new jobs in the process.
Justin King, chief executive of Sainsbury's, said: "While we expect the consumer environment to remain challenging in 2010, our universal customer appeal together with our accelerated growth of space for new supermarkets, extensions and convenience stores means we are well placed to make continued good progress in the new financial year."
Companies: Sainsbury’s
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