Wednesday 3rd October 2012, 10:57 London
Sainsbury's posts positive growth
Second quarter sales increase as 'unique and special summer' helps UK retailer outperform the market despite challenging conditions
Sainsbury's has released its trading statement for the second quarter ended 29 September, revealing year-on-year growth in total sales of 4.3 per cent, or 4.4 per cent excluding fuel.
Like-for-like sales for the three-month period grew 1.9 per cent, the group said, while total sales for the first half of the year stood at 4 per cent with six-month like-for-like sales up 1.7 per cent.
"The quarter began with the period immediately following the Jubilee celebrations, and was characterised by unseasonal weather," King continued. "The quarter ended with the Olympic and Paralympic Games, which united and inspired the nation. We were delighted to play our part in helping customers celebrate this summer like no other, and are particularly proud of Sainsbury's association with the Paralympic Games.
"We are seeing the benefit of our ongoing investment in our own-label ranges, particularly by Sainsbury's, which is growing at its strongest rate in recent years, and our Taste The Difference range, which is seeing near double-digit growth. Our own label penetration is increasing at a faster rate than any of the major supermarkets; a testament to the investment we have made in the quality of our products."
King pointed out that convenience stores had registered strong growth, while the retailer had added 267,000ft2 to its estate through the quarter and had also landed the Supermarket of the Year title at the Retail Industry Awards.
"We expect the challenging economic backdrop to persist, but by helping our customers to Live Well for Less through competitive pricing, targeted promotions, quality own-label products and outstanding customer service, we are positioned to perform well coming into the important Christmas period," he added.