J-sainsbury's Q1'FY14 retail sales rise marginally

11 Jun '14

4 min read

"Our complementary channels and services are an increasingly important component of our growth, with sales from convenience and online nearly doubling over the last five years to 15 per cent of total sales.

"Convenience sales grewby over 18 per cent year-on-year and during the quarter we opened our 200th convenience store in London. Groceries online grew by over 10 per cent year-on-year, following the roll-out of our new and improved web and mobile platforms which was completed in April. Sainsbury’s Bank’s transition remains on track and during the quarter we opened our 1,500th ATM and launched two new credit cards.

"During the quarter we opened 27 new convenience stores and refurbished a further 12 convenience stores. We opened one supermarket extension, and refurbished three supermarkets. We remain on track to deliver around two new convenience stores per week and around 750,000 square feet of new space this year.

"We expect customer spending to remain cautious and we will continue to invest to keep our offer competitive to help customers balance their household budget. We remain confident that our clear strategy and differentiated offer will allow us to continue to outperform our supermarket peers through the remainder of the year."

J-sainsbury

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