Jan 11, 2017
Sainsbury's reports record Christmas sales of more than £1bn
The supermarket giant said like-for-like sales sales only rose 0.1% in the 15 weeks to 7 January. Argos, which Sainsbury's bought last year, had strong sales over Christmas and Black Friday. Sainsbury's Christmas quarter sales beat expectations. Analysts had predicted a fall in like-for-like sales of 0.8%. Food sales have been buoyant for retailers over Christmas period, according to a report by the British Retail Consortium on Tuesday. Morrisons reported its strongest Christmas sales for seven years on Tuesday.
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