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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Sainsbury's like-for-like sales expected to drop

Supermarket giant Sainsbury's are expected to announce a drop of between 1-1.5% in their life-for-like sales later this morning.

Sainsbury's had enjoyed nine years of unbroken sales before the end of last year. Credit: PA

The news comes as chief executive Justin King bows out after 10 years in charge of the supermarket.

This would be the second consecutive quarter of falling sales for Sainsbury’s, which had previously enjoyed nine years of unbroken sales growth under Mr King.

City experts have warned the retail giant has a "tough year ahead".

However, the "Big Four" supermarket cleared £1bn in annual sales for the first time last year and announced plans to expand its convenience store business.

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