Sainsbury's has reported a fall in sales over the Christmas quarter as lower demand for toys and games offset the popularity of festive party food and a sell-out range of novelty jumpers.
The supermarket group, which also includes retailer Argos, said like-for-like sales for the 15 weeks to 4 January were down 0.7% on the same period last year.customers tightening their belts over the festive period, with supermarket sales growing at the slowest pace since 2015 in retail's so-called"golden quarter".
Sainsbury's third-quarter sales figure was its fifth decline in a row and worse than the 0.2% downturn seen in the second quarter. The company said:"Retail markets remain highly competitive and promotional and the consumer outlook continues to be uncertain."Sainsbury's said that total grocery sales for the period rose 0.4%, helped by £9 turkey crowns and Christmas party food as well as greater demand for its premium"taste the difference" products.
Reflecting the tough competition in the sector, it also said it was cutting the price on popular products during January including apples, mangoes and avocados.
sainsburys profit down due to “consumer uncertainty” ie blaming brexit😂😂😂 so all those millions and millions of shoppers who are uncertain go spend their money in Aldi & Lidl’s giving these supermarkets bumper profits it’s all down to being ripped off
Since when was the merger with Argos blocked ? ( read Sky piece ) 🤣🤣
Uninspired offers from Sainsburys
hmm. in my experience this is because after purchasing Argos they hardly stock anything on the shelves these days, so I think this is self inflicted.
When homebargains carries the same toys at massively discounted prices you ain’t selling owt love
Sainsbury's is to expensive
Too flipping pricey Sainsbury.
toys and games will fall when you got a argos in store ....... its a no brainer !!!
I'm not surprised, I'm going to Sainsbury's a lot and don't mind buying something for my lil man, but there is not much to pick from.
Aldi made a Billion quid
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Source: SkyNews - 🏆 35. / 67 Read more »