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SAINSBURY'S - Record Christmas

Third Quarter Strategic Highlights from company presentation:

1. More customers than ever chose to shop at Sainsbury’s in the first half, responding to our clear focus on quality, price and innovation, and food transactions grew ahead of the market
2. Positive momentum across the business: 70 new and improved food ranges; 112 Argos stores open in Sainsbury’s; exceeded cost savings target and will now deliver £540 million over three years ending 2017/18
3. Continue to be competitive on price; customers don’t have to wait for a promotion to get good value
4. Strong growth in Groceries Online, up 7.2% and Convenience, up 8.2%
5. General Merchandise growing market share in a challenging market
6. Our clothing business continues to outperform the market, with 6.8% sales growth
7. Continued progress at Sainsbury’s Bank
8. Well-developed plan to deliver at least £500 million in cost savings over three years from 2018/19

Reports and Presentations:
Third Quarter Trading Statement webcast:


The Independent UK: Sainsbury’s raises profit forecast after enjoying record Christmas

Talking Retail: Sainsbury’s posts 7.3% growth in convenience in third quarter