Sainsbury's boss on 'outperforming the market'
In a statement, Sainsbury's chief executive Justin King said:
This has been a unique and special summer, during which we have delivered another quarter of good sales, outperforming the market in what remains a challenging retail environment. Our total sales are up 4.3 per cent, and like-for-like sales up 1.9 per cent.
– Sainsbury's chief executive Justin KingWe 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."
Supermarket profits: Shopping for green shoots
Tesco’s profits have dropped for the first time in almost two decades while Sainsbury has squeezed out a rise in profits.
Every Little Helps but is it time for change at Tesco?
Today Tesco, Britain's biggest supermarket chain, is expected to announce its first profit fall in almost twenty years.