Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 8°C

ESTD 1874 Search

Retail: Sainsbury’s confirms second consecutive fall in quarterly like-for-like sales

09:13 11 June 2014

Justin King, chief executive at Sainsbury

Justin King, chief executive at Sainsbury's.

A tough spring for Britain’s supermarket giants was underlined today as Sainsbury’s posted lower underlying sales for the second quarter in a row.


Chief executive Justin King, who is leaving the chain next month after 10 years in charge, said consumers continued to spend cautiously, leading to the slowest industry growth in a decade.

Like-for-like sales at the UK’s third biggest supermarket chain were 1.1% lower when excluding fuel in the 12 weeks to June 7, although the total sales figure, which includes changes in store space, was 1% higher than a year earlier.

In the previous three months Sainsbury’s saw like-for-like sales drop 3.1%, its first quarterly decline in nine years, reducing growth for its financial year as a whole to just 0.2%.

All four major supermarket retailers have found themselves squeezed by the rapid growth of German discount chains Aldi and Lidl, with Morrisons and Tesco particularly affected.

Mr King said Sainsbury’s continued to invest in reducing prices, adding that he is confident the strategy will enable the chain to outperform its peers.

He said: “We expect customer spending to remain cautious and we will continue to invest to keep our offer competitive to help customers balance their household budget.”

Sainsbury’s said its clothing business achieved double-digit like-for-like sales growth in the quarter, including its best ever sales week in womenswear.

It added that lingerie sales improved 18% on a year earlier, while childrenswear was 15.8% higher.

Shares in the supermarket rose 2% in early trading amid relief that the overall decline in sales was in line with City expectations.



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Josh Eames and Ryan Scillitoe of Perrywood Garden Centre and Nurseries in Tiptree who have have raised more than £5,000 for charity through a 1,000-mile cyclinge challenge.

Josh Eames and Ryan Scillitoe from Perrywood Garden Centre and Nurseries in Tiptree have raised more than £5,000 for charity through a 1,000 mile cycle challenge.

The Leading Lives team receive their tropy at the Social Enterprise UK Awards in London.

Ipswich-based Leading Lives has been named Health and Social Care Social Enterprise of the Year at the Social Enterprise UK Awards.

The Hot Off The Press premises inTacket Stret, Ipswich, which the company has vacated after 25 years.

A printing company which has operated from the centre of Ipswich for 25 years has relocated – to a purpose-built log cabin in the owner’s garden.

Elaine and Nigel Bowen of Vanguard Communications.

Two businesses which receive support from Suffolk enterprise agency Menta have received Small Business Sunday awards from entrepreneur and former BBC Dragons’ Den star Theo Paphitis.

Wayne Seddon from The Bridge House in London receives his Adnams Pub of the Year award from chief operating officer Karen Hester.

Southwold-based Adnams has named The Bridge House, near London’s Tower Bridge, as its Pub of the Year.

Georgi Rollings, left, and Emma Lawrence of Starfish Accounting.

An Ipswich based provider of online company secretarial software has reached the landmark milestone of having 10,000 users.

Robert Hughes, managing director of Hughes Electrical, and Andy Yallop, store manager, at the company's new branch in Bury St Edmunds.

Hughes Electrical has opened the doors of its new store in Bury St Edmunds following a £200,000 investment which has also created six new jobs, doubling the size of its workforce in the town.

A file picture of the Sanofi factory in Haverhill.

More than 50 jobs are to be axed at the Haverhill site of pharmaceutical group Sanofi.

Barclays has been fined £72m by the Financial Conduct Authority.
Photo: Jonathan Brady/PA Wire

Banking giant Barclays has been fined £72million by the City watchdog for failing to handle potential financial crime risks relating to a £1.88billion transaction for ultra high-net-worth clients.

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24