Sainsbury’s has turned in a positive third quarter Trading Statement for the 15 weeks to 5 January 2019. Grocery sales grew 0.4% with Groceries Online and Convenience up 6% and 3% respectively. General Merchandise sales declined by (2.3%) and Clothing sales declined by 0.2%.
Mike Coupe, Group Chief Executive of J Sainsbury plc, said: “Christmas came late this year and I am pleased with the excellent service and availability that we gave customers across the Group. Sainsbury’s stores were well set up to deal with customers doing their big Christmas shops later than usual and Convenience stores hit a new record on Christmas Eve. Argos Fast Track offers customers marketleading delivery and grew strongly in the quarter.
“Sainsbury’s is focused on offering distinctive food at great prices. Grocery sales were solid and our price position versus our competitors improved, with our £9 turkey crowns and 30p vegetables proving particularly popular. Groceries Online continues to perform well and, including Argos, 20% of the Group’s sales started online. General Merchandise sales grew strongly and outperformed the market over the quarter.”