Reporting its interim results, Sainsbury’s said its Tu clothing business remains strong, with sales up year-on-year and year-on-two years, despite competitors reopening.
Apparel sales rose 33.6% to GBP0.5bn (USS$0.67bn) on the same period last year and by 9.1% on a two-year basis.
Go deeper with GlobalData
“Clothing recovered strongly from a year of suppressed demand with no full range promotions run in the half and growth driven by full price sales,” the supermarket retailer said.
It added with Covid-19 restrictions lifting, customers have been updating their wardrobes, with womenswear and seasonal performing particularly strongly.
Online sales were up 70% on a two-year basis.
“Whilst customers are returning to many pre-pandemic shopping habits, online sales have remained very strong and we continue to grow market share. At the same time, our plan to transform Argos is on track, delivering significantly improved profitability,” said CEO Simon Roberts.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Our industry faces labour and supply chain challenges. However, our scale, advanced cost saving programme, logistics operations and strong supplier relationships put us in a good position as we head into Christmas.”
Nickolds assumed responsibility for the commercial success of Sainsbury’s GBP7.8bn (US$10.7bn) general merchandise and clothing business, which includes Sainsbury’s general merchandise, Argos, Habitat and Tu clothing.
