Sainsbury's sales are on the up
After some very trying times, Sainsbury's finally seem to be on the up, getting their act together with a 0.1% rise in like-for-like sales for the fourth quarter. It might not seem like much, but this is the first time the supermarket has posted any increase in two whole years.
What does this mean for actual shoppers who don't care about the figures in Sainsbury's spreadsheets - well, it means that they're offering a better service than they used to, and of course, the more money they're making, the more competitive they can be with their pricing, which means bargains for you.
Sainsbury's have said that they've been doing well when it comes to offering healthy eating options for customers. After Christmas, when many start watching their intake, Sainsbury's offered butternut squash noodles (some people are calling them 'boodles' and courgette spaghetti ('courgetti'), which have been very popular.
New chief executive Mike Coupe said: "We have delivered a strong performance this quarter. "
"We have traded well this year and are making excellent progress implementing our strategy. The market will remain competitive but we are confident that we will continue to outperform our major peers."
This all lands in the middle of Sainsbury's potential takeover of the Home Retail Group, who own Argos. They have a deadline this Friday, to either stump up some money, or walk away from the whole thing. Sainsbury's have already agreed the financial terms on this, but face opposition from Steinhoff.
TOPICS: High Street News