Thursday, January 08, 2009

Sainsbury's surprises with best-ever Christmas | Business | guardian.co.uk

Supermarket group J Sainsbury, Britain's third-largest food retailer, today said it had enjoyed its best-ever Christmas as it reported sales growth ahead of City expectations.

It posted a 4.5% increase in like-for-like sales, excluding petrol, for the 13 weeks to 3 January. Analysts had expected a sales rise of between 3.5% and 4.5%. Including petrol, sales were up 3.9%.
We would do well to recall that even in a severe recession, there are winners and losers.... Just a lot more of the latter.

Sainsbury's surprises with best-ever Christmas | Business | guardian.co.uk
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