Sainsbury’s grocery sales rise, but Argos and Tu struggle
Sainsbury’s has posted an “encouraging” start to the year as stronger grocery sales helped offset weaker trading across Argos, clothing and general merchandise.
The supermarket said total retail sales, excluding fuel, rose 2.7 per cent to £9.15bn in the 16 weeks to 20 June.
Sainsbury’s-branded sales increased 3.1 per cent to £8.04bn, with grocery sales up 3.6 per cent year on year.
The retailer said growth had been supported by continued investment in value, i
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