Bloomberg News

Sainsbury Maintains Sales Growth as Shoppers Buy More Own-Labels

October 05, 2011

Oct. 5 (Bloomberg) -- J Sainsbury Plc, the U.K.’s third- biggest supermarket company, said second-quarter sales rose at the same pace as the first three months of the year as shoppers bought more of its own-brand food ranges.

Sales at stores open at least a year gained 1.9 percent in the 16 weeks through Oct. 1, on a basis that excludes gasoline and includes value-added tax, the London-based retailer said today in a statement. That compares with the median estimate of 2 percent growth from eight analysts surveyed by Bloomberg.

“We expect the market environment to remain very competitive for the foreseeable future, but we are confident in our ability to grow by doing a great job for our customers,” Chief Executive Officer Justin King said in the statement.

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To contact the reporter on this story: Paul Jarvis in London at pjarvis@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net


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