Unimpressive sales at Sainsbury’s News - Unimpressive sales at Sainsbury’s
Survey Minimize
Are you a member of a Sales Association / Professional Body?

Submit Survey 


Professional Sales News

Current Articles | Archives | Search

05 April 2011

News - Unimpressive sales at Sainsbury’s

By Ben Turner @ 06:17 :: 1386 Views :: 0 Comments :: Article Rating
<< Back  l   

Supermarket giant Sainsbury’s experienced a 5% fall in share price as sales fell. Sainsbury reported that like-for-like sales for the fourth quarter were up by 1%, below market expectations, and against growth of 3.6% in the previous quarter.

Chief executive, Justin King, said the trading environment was tough and said consumers were feeling the pinch. He continued that consumers were battling “very significant” fuel price inflation, uncertain employment prospects and government spending cuts which meant that customers were “managing their spending carefully”.

The supermarket giant has almost 900 stores in the UK and employs 150,000 people. Tesco and Morrisons also saw their shares fall, by 2.4% and 2.17%.
  << Back Share/Save This Article:     Bookmark and Share
Only registered users may post comments.




Force Manager 15
© Copyright 2009 TheSalesPro.co.uk | DNN Hosting & SEO Managed by Pure Systems | Terms Of Use | Privacy Statement