christmas sales boost sainsbury\s
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Christmas sales boost Sainsbury's

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Arab Today, arab today Christmas sales boost Sainsbury's

London - AFP

Supermarket chain Sainsbury's announced on Wednesday a modest rise in quarterly sales thanks to a record Christmas trading period for the group. The company, Britain's third-biggest supermarket chain after Walmart-owned Asda and the largest retailer Tesco, said that total sales in the 14 weeks to January 5 rose by 3.9 percent from the level for the equivalent period 12 months earlier. Sales at stores open for at least one year rose by a weaker 1.5 percent, Sainsbury's added in a statement. Chief executive Justin King said the week before Christmas was Sainsbury's "strongest trading week ever, with customer transactions exceeding 27 million." He added: "We expect the challenging economic backdrop to persist, with customers looking to re-balance their household budget after the festivities and so spending cautiously in the first few months of 2013."

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