Sainsbury's Sets the Standard - and Refuses to Bow to Weather Pressure

Summary

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SAINSBURY'S yesterday set the bar for the supermarkets' festive trading performance amid last month's big freeze, disclosing like'for'like sales up 3.6 per cent as it shrugged off the impact of the snow.

Justin King, chief executive, said it was the group's best'ever Christmas and, regarding a flurry of general retailers that have blamed the weather for lacklustre sales in the period, added: "Those who have done better have coped better with the snow."

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Extract

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Sainsbury's Sets the Standard - and Refuses to Bow to Weather Pressure

King admitted that extensions to the chain's existing stores contributed 0.9 per cent of the sales rise in th...

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