Skip to main content

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%.

Grocery prices

Food price inflation also contributed to a rise in sales at the supermarket's checkouts.
Mr Coupe said "inflation was coming through", but that Sainsbury's was trying to keep prices down by striking deals with suppliers.
He pointed to chicken, milk and broccoli, which he said were cheaper than three years ago.
The company's latest sales figures marked an acceleration from the previous quarter when sales grew by just 0.3%.
The growth was also slightly stronger than expected, with analysts having forecast like-for-like sales to grow 2%.
David Alexander of GlobalData, said: "Even accounting for a later Easter and Mother's Day, and the inclusion of a buoyant Argos in the figures, the numbers still present a positive picture."

Nisa deal talks

Widespread media reports have suggested Sainsbury's is lining up Nisa, a convenience store chain and wholesaler, for its next acquisition.
George MacDonald, editor of Retail Week, told the BBC that Sainsbury's was "possibly grabbing on the coat-tails of Tesco which wants to buy another wholesaler called Booker".
However, Mr Coupe declined to comment on any possible Nisa deal, saying it regularly looked at potential tie-ups.
"We are not holding onto anyone's coat-tails - that's just the nature of a large corporation. Most of these conversations come to nothing," the Sainsbury's boss told reporters.

Comments

Popular posts from this blog

HERE COME THE GIRLS Love Island girls Jess Shears, Olivia Attwood and Chloe Crowhurst strip off to reveal incredible bikini bodies as they prepare to meet the boys for hot summer of fun

THE Love Island girls look set to send temperatures soaring even further, as they strip off to reveal their incredible bikini bodies. The reality newcomers have been giving the lucky Love Island boys a taste of what they can expect in the new series. Jess Shears, Olivia Attwood and Chloe Crowhurst, along with Montana  Brown, Camilla Thurlow and Amber Davies reveal their sexy curves as they pose for their first snaps as official Love Island 2017 contestants. Olivia  says well as looking for love, she’s taking part on the ITV2 show “For the experience”. Elsewhere,  Jessica is a curvy glamour model from Devon , who is looking for a genuine connection on this series of the reality show. Meanwhile,   Amber is a dancer  who has worked as an entertainer as part of London’s circus themed club night Cirque Le Soir.   Essex girl Chloe showed off her curves in this sexy red bikini Chloe is an executive assistant hailing from E...

Seawater is the secret to long-lasting Roman concrete

Roman piers and other harbour structures built using an ancient cement mix have lasted for millennia. Ancient Romans built concrete sea walls that have withstood pounding ocean waves for more than 2,000 years. Now, an international team has discovered a clue to the concrete’s longevity: a rare mineral forms during chemical reactions between the concrete and seawater that strengthen the material. Structural engineers might be able to use these insights to make stronger,  more-sustainable concrete , says team leader Marie Jackson, a geologist at the University of Utah in Salt Lake City. She and her colleagues report their findings on 3 July in  American Mineralogist 1 . In earlier work, Jackson and colleagues reported some of the unusual chemistry of Roman concrete, such as the presence of a rare mineral known as aluminium tobermorite 2 . For the new study, the scientists took samples of Roman harbour concrete to the Advanced Light Source, an X-ray synchrotron ...

5 Dating Tips for Straight Girls From a Gay Guy

Hey girls, let’s talk. For over a decade, I’ve had the privilege of playing the role of gay best friend to many intelligent, funny and gorgeous women throughout my career as a practicing homosexual. Gay guys and straight gals have a special bond due to our common interests (e.g. men) and our lack of desire to sleep with one another. On the flip side, gays have a unique relationship with our straight male buddies because we are not in competition with them for you. As a result, straight guys often gab with us about the stuff girls do that cost them a call back. This article may be in violation of bro code, but I’m going to share some intel anyway. Consider yourself warned: gross generalizations will be made. Shut The F**k Up Sometimes Women talk a lot more than men. Science backs it up. According to a University of Maryland  study , women utter more words per day—about 20,000 to men’s 7,000. Listen, it’s not your fault you developed language and reading skills ...