Sainsbury's food sales rise as it battles discount kings
Evening Standard|November 02, 2023
SAINSBURY'S today claimed it was grabbing market share from every competitor, including discount kings Aldi and Lidl for the first time, as it put food "back at the heart" of the business
Simon English
Sainsbury's food sales rise as it battles discount kings

More and more customers watching budgets want to dine at home, says chief executive Simon Roberts.

"Customers are choosing to treat themselves to a night in. They want a Taste the Difference meal in front of Strictly," he said.

In the half-year to September overall sales rose 2.9% to £18.8 billion. But notably, grocery sales are up 10.1% while clothing sales fell 8.4%.

Analysts say that is due to a damp summer that saw Sainsbury's clothing range shunned.

Full-year profit should be between £670 million and £700 million - a boost to previous guidance.

But for the half-year profits fell 27% to £275 million, partly due to a one-off legal settlement in the previous year.

Roberts said: "We've never been more competitive on price and our focus on value, innovation and service is giving more customers more reasons to shop with us.

هذه القصة مأخوذة من طبعة November 02, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 02, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من EVENING STANDARD مشاهدة الكل
The era of longevity is almost upon us. But can our minds really keep up?
The London Standard

The era of longevity is almost upon us. But can our minds really keep up?

A post-ageing world is just around the corner, says longevity scientist AUBREY DE GREY, and it’s going to change the way we live

time-read
4 mins  |
November 07, 2024
Hidden London
The London Standard

Hidden London

SECRET SPOTS YOU SIMPLY HAVE TO DISCOVER

time-read
4 mins  |
November 07, 2024
How Christian Louboutin fell in love with Melides in Portugal
The London Standard

How Christian Louboutin fell in love with Melides in Portugal

The wild beauty of this seaside village charmed the French fashion designer so much that he made it his home

time-read
5 mins  |
November 07, 2024
Actor Millie Bobby Brown romances in Hyde Park, feasts at Sheesh and buys thelot at Harrods
The London Standard

Actor Millie Bobby Brown romances in Hyde Park, feasts at Sheesh and buys thelot at Harrods

Interview with Actor Millie Bobby Brown

time-read
3 mins  |
November 07, 2024
How will Arteta manage without influential Edu?
The London Standard

How will Arteta manage without influential Edu?

Arsenal need smooth transition between eras just like Man City

time-read
2 mins  |
November 07, 2024
"I had no one in Manchester apart from my PlayStation"
The London Standard

"I had no one in Manchester apart from my PlayStation"

Aaron Wan-Bissaka was a young man rated among the country's most promising footballers when Manchester United came calling in the summer of 2019.

time-read
6 mins  |
November 07, 2024
The battle for the soul of Soho
The London Standard

The battle for the soul of Soho

Inside the war between London's porn baron family and the council they say is killing the vibe

time-read
4 mins  |
November 07, 2024
At the table: Sad steaks seasoned with despair
The London Standard

At the table: Sad steaks seasoned with despair

Fetch the smelling salts, you're in for a shock: A Restaurant Critic Hates a Famously Terrible Restaurant. Low-hanging fruit? Perhaps.

time-read
3 mins  |
November 07, 2024
Class portrait Nobody else writes about middle England so acutely
The London Standard

Class portrait Nobody else writes about middle England so acutely

Tessa Hadley's first novella depicts women in refreshing ways

time-read
3 mins  |
November 07, 2024
How a tiny cult radio station in Hackney took over the world
The London Standard

How a tiny cult radio station in Hackney took over the world

I think the most obscure place I've had a listener email from so far was probably a guy in the Yukon,\" laughs Flo Dill, the host of NTS Radio's flagship morning show.

time-read
4 mins  |
November 07, 2024