Sainsbury's Surprise and Delight at First-Half Turnaround

Daily PostNovember 17, 2005

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Summary


SAINSBURY'S expressed surprise at the speed of its recovery as first-half sales rose and it clawed back more of the grocery market from its rivals.

The UK's third biggest supermarket chain said like-for-like sales rose 2.1% in the six months to October 8 as its strategy of price cuts and swiftly replenishing stock brought shoppers back in droves.

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Sainsbury's Surprise and Delight at First-Half Turnaround

Sainsbury's said more than 15m customers were visiting its stores each week and spending more mo...

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