Partly Cloudy

Partly Cloudy

max temp: 6°C

min temp: 2°C

ESTD 1874 Search

Colchester: Stanway branch of Sainsbury’s becomes first to record £1m of sales in one day

09:25 08 January 2014

The Sainsbury

The Sainsbury's store at the Tollgate shopping centre in Stanway, near Colchester.

Sainsbury’s defied expectations today as it reported another quarter of like-for-like sales growth following strong trading over the key Christmas period − with its Stanway branch near Colchester becoming its first store to ring-up £1million in sales in a single day.

shares

The group said its busiest ever trading week in the run-up to Christmas had helped like-for-like sales edge ahead by 0.2% over the final quarter of 2013.

Chief executive Justin King said the 14 weeks to January 4 had been a “very tough sales environment” but the supermarket managed to maintain its record of growth, confounding forecasts that sales would fall after 35 successive periods of expansion.

Mr King said the seven days prior to Christmas was the group’s busiest ever trading week, with more than 28million transactions, and he described the festive period overall as “our best Christmas ever”.

He said: “This quarter has been characterised by a very tough sales environment throughout October and November, with customers saving up in order to treat their families over the Christmas period. However, we saw strong sales in the key period over Christmas.”

Analysts had pencilled in a like-for-like sales fall for the quarter as major supermarkets continue to feel the squeeze from discounters Aldi and Lidl as well as higher end grocers such as Waitrose.

However, while there will be relief at the 0.2% sales increase, it is a marked slowdown compared to the 2% increase in the second quarter and the 0.9% rise for the same period last year.

Today’s trading update from Sainsbury’s also revealed that customers redeemed £120m worth of points under its Nectar card loyalty scheme, to help with the cost of their festive shop a 9% increase on last year.

Mr King warned that as with last year, shoppers were expected to spend cautiously in the months following Christmas to rebalance household finances amid a background of continued economic uncertainty for families.

The group said its busiest pre-Christmas trading day was December 23, with the busiest hour of that day seeing customers spend £17m while its store in Stanway became the first Sainsbury’s to record £1m sales in one day.

Sainsbury’s Taste the Difference brand saw sales up 10% over the quarter, with 100,000 fresh turkeys and turkey crowns sold under the premium label. The supermarket’s Christmas ordering service saw more than 100,000 orders, up 24% year-on-year.

Sainsbury’s said its convenience store business was growing at nearly 18%, with Christmas Eve seeing record £7 million sales.

Online groceries grew by more than 10% in the quarter, as the store revamped its website. The division saw the strongest ever sales day on December 22, reaching more than £5 million.

Sainsbury’s added 555,000 square feet of new space over the period, including six supermarkets, four extensions and 19 convenience stores.

shares

0 comments

James Cooper, centre, of Survey Solutions, with Robertt Mullins, left, and  Jeff Bate of East Anglian Land Surveys.
Photo: Paul Nixon

East Anglia’s largest independent firm of surveyors has consolidated its position with the purchase of another Suffolk-based business.

Morrisons in Stowmarket.

The Morrisons supermarket in Stowmarket will close on April 3, it has been announced.

PCA England masters players, from left,  Paul Nixon, Matthew Hoggard, Mark Ramprakash and Alistair Brown at Lord’s celebrating Greene King's new partnership with the association.
Photo: portraitcollective.com/Sam Bowle

Greene King has agreed another major cricket sponsorship deal, this time in support of the game at grassroots level.

The BT apprenticeship showcase evening

More than 200 students, parents and teachers gathered at BT Adastral Park in Martlesham for the company’s apprenticeship showcase on Wednesday.

Alastair Kerr and Philip Turner. Mr Turner's firm, the Chestnut Groupr,  is to take on the management of the White Horse Inn at Easton, near Framlingham.

A picturesque village pub is set to be relaunched under new management in May.

Most read

Fred Olsen Travel Sale

cover

Click here to view
the Fred Olsen
Travel Sale

View

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Great British Life

Great British Life
MyDate24 MyPhotos24