Sainsbury’s reports another decline in quarterly sales
UK supermarket group says retail markets remain highly competitive while the consumer outlook continues to be uncertain
03 July 2019 - 10:54
London — British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets.
The group, which had its £7.3bn takeover of rival Asda blocked by the UK competition regulator in April, said on Wednesday its like-for-like sales, excluding fuel, fell 1.6% in the 16 weeks to June 29, its financial first quarter...
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