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Sainsbury's like-for-like sales down in King's last quarter

Sainsbury's like-for-like sales including fuel fell 2.4% in the first quarter of 2014, according to the company's trading statement. Total retail sales were up 1%. The report comes as Sainsbury's chief Justin King steps down after 10 years.

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King: 'Very challenging times for the grocery industry'

These are "very challenging times for the grocery industry" but Sainsbury's is doing well against its immediate competitors, according to the supermarket's outgoing chief executive.

Justin King told Good Morning Britain Sainsbury's was still "growing a lot stronger than our grocery competition" and the whole industry was dealing with low growth.

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