Tuesday, 4 July 2017

Sainsbury's sales helped by hot weather

Sainsbury's has said sales of clothes, summer food and paddling pools helped speed up growth in the past few months.

Analysts said June's hot weather had helped to lift sales at the company, which also includes Argos.

The UK's second biggest supermarket said like-for-like sales - which strip out the impact of new stores - grew by 2.3%, excluding petrol.

Chief executive Mike Coupe said he was "pleased" with the results - its best growth in four years.

Laith Khalaf, an analyst at Hargreaves Lansdown, said: "The recent heatwave helped to boost sales at Sainsbury's group, as customers turned to the Argos website to buy electric fans and paddling pools to keep cool in the hot weather."
Demand for deals on British strawberries and its summer eating range added to Sainsbury's grocery sales, which were up 3%.

Food price inflation also contributed to a rise in sales at the supermarket's checkouts.

BBC    News.