Partner Article

Sainsbury's cheers highest market share in a decade

Sainsbury’s announced sales increases for the 31st consecutive quarter, as well as an increased market share to 16.7%; nearly the highest share for a decade.

The British supermarket cheered rises of 2.5% in pre-tax profits to £405m, and increased its interim dividend by 6.7% to 4.8 pence per share.

Total sales improved 4%, including petrol sales, while savings of up to £60m were made by the company in operations.

Sainsbury’s also celebrated its 10 year anniversary in partnership with points saving scheme Nectar, along with five awards from the Retail Industry Awards this year, including its fifth “Supermarket of the Year” title in seven years.

The company’s Chief Executive, Justin King, commented: “We continue to succeed by remaining focused on delivering quality products, best-in-class service and value for our customers, without compromise.

“Whilst the wider economic situation remains challenging, we are well positioned to help our customers Live Well For Less.

“Our long-standing consistent strategy, combined with our customer insight and strong value-driven culture, will continue to deliver for customers, colleagues and shareholders.”

This was posted in Bdaily's Members' News section by Miranda Dobson .