11th January 2017
J Sainsbury has reported positive trading figures for the third quarter of the financial year, including a good Chirstmas performance, driven in part by the success of new store formats.
Sainsbury’s saw total sales grow by 0.8 per cent during the quarter, while Argos sales rose by 4.1 per cent. Combined like-for-like sales across the group were up by 1.0 per cent.
“Our Argos digital stores in Sainsbury’s supermarkets are performing well, as awareness of the convenience of shopping at both Sainsbury’s and Argos under one roof grows among our customers,” says group chief executive Mike Coupe.
Sainsbury’s branches such as the one in Nine Elms in London integrate branches of Argos an Habitat.
Online sales made up 18 per cent of total group sales over the quarter.
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