J Sainsbury | GlobalPost

Convenience stores, online help Sainsbury top forecasts

Thomson ReutersMarch 19, 2013 04:15

By James Davey LONDON (Reuters) - J Sainsbury, Britain's third-biggest grocer, beat forecasts for underlying sales in its fourth quarter, with strong growth online and in convenience stores more than offsetting a weaker performance in its traditional outlets. Online sales and convenience stores are the two fastest growing areas for Britain's supermarkets as shopping habits change, with consumers increasingly using the internet to shop and high fuel prices discouraging trips to town centres and out-of-town malls.

UPDATE 2-Sainsbury sales growth slows despite record Christmas

Thomson ReutersJanuary 9, 2013 04:00

* Q3 like-for-like sales, ex fuel, up 0.9 pct, as expected * Outcome driven by growth of online, convenience sales * Says positioned to perform well in Q4 * Says won't be hurt by any Tesco revival * Sainsbury shares down 3 pct By James Davey

Sainsbury has record Christmas though growth slows

Thomson ReutersJanuary 9, 2013 03:30

LONDON, Jan 9 (Reuters) - J Sainsbury, Britain's No. 3 supermarket, met forecasts for underlying sales in the Christmas quarter, though growth did slow from its first half in a highly promotional festive market. The group, which trails market leader Tesco and No. 2 player Wal-Mart's Asda by annual revenue, said on Wednesday sales at stores open over a year rose 0.9 percent, excluding fuel, in the 14 weeks to Jan. 5, its fiscal third-quarter.