Sainsbury's sees sales rise by 6.2% - News in brief - Evening Standard
       

Sainsbury's sees sales rise by 6.2%

Supermarket giant Sainsbury's said hard-pressed shoppers looking for cheaper deals have helped it post healthy fourth-quarter sales.

Its 'Switch and Save' campaign in January has driven a 60% year-on-year rise in sales of its cheaper 'basics' range, the firm said.

Excluding fuel, the supermarket reported an overall 6.2% rise in like-for-like sales in the 11 weeks to March 21.

Chief executive Justin King said the better than expected sales growth represented a "resilient" performance from the group.

"We are seeing some significant changes in the mix of products customers are choosing to buy," he added.

His comments underlined the current intense competition in the discount sector with Tesco, Morrisons and Asda all jostling for position against the likes of Aldi and Lidl as shoppers look to make savings.

Sainsbury's also played up its ethical credentials after becoming the first major retailer to stop selling eggs laid by battery hens and increasing its range of higher welfare pork.

Meanwhile the firm gained a sales boost from its support for charity Comic Relief, which added 0.3% to like-for-like sales over the quarter.

During the run-up to Red Nose Day two weeks ago, the supermarket attracted more than 19 million customers, its highest ever outside the Christmas period.

Sainsbury's added that non-food sales maintained strong growth, with its Tu clothing range now available in 290 stores. Its online home shopping service saw sales growth of more than 20% over the quarter.

News in brief in Pictures

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity