J Sainsbury news and archive

Sainsbury’s clothing sales improve by 2.2 percent

For the third quarter, total sales at Britain's supermarket group Sainsbury’s increased by 3.7 percent and sales over the Christmas period increased by 3.8 percent, while like-for-like sales increased by 2.8 percent. The company said in a release that while general merchandise and clothing sales were down 0.1 percent, clothing sales grew by 2.2...

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Sainsbury's posts 6.4 percent decline in clothing sales

In a preliminary results statement for the full year, J Sainsbury said group sales increased 3.4 percent to 36.3 billion pounds including retail sales increase of 6.8 percent, grocery sales growth of 9.4 percent, general merchandise sales increase of 1.2 percent and clothing sales decline of 6.4 percent. The company said in a release that Tu...

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Sainsbury's Tu Clothing Christmas sales drop 6 percent

J Sainsbury reported third quarter clothing sales declined 1.7 percent and Christmas clothing sales were down 6 percent versus the same period last year. Sainsbury’s said Tu clothing regained some momentum in a market that remains highly promotional, partially reflecting unseasonably warm weather, particularly over Christmas. Partywear and...

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Sainsbury's shares rise 20 percent as it inches closer to Asda merger

J Sainsbury Plc and Walmart Inc. have agreed to a proposed combination of Sainsbury's and Asda Group Limited, a wholly owned subsidiary of Walmart, to create an enlarged business. The news of merger between Sainsbury’s and Asda, according to The Guardian, led the Britain’s stock market to its highest level since the start of February. The FTSE...