J Sainsbury appears to have reclaimed its position as the second-biggest grocery retailer in Britain for the first time in a decade from rival Asda, owned by Walmart. Sainsbury’s has already overtaken Asda in Nielsen’s market share data.
For the 28 weeks ended September 28, total sales grew 4.4% to 13.95 billion pounds. Revenue excluding VAT, but including fuel increased 4.3% to 12.68 billion pounds.
Like-for-like sales including fuel rose 1.5%, benefited by strong performance from own-brand, non-food, convenience and groceries online segments, along with the warmer summer, despite a tough and competitive retail environment.
Justin King, chief executive said: “Our share of the grocery market is the highest for a decade at 16.8% following 35 consecutive quarters of like-for-like sales growth. Whilst customers’ budgets remain tight and any recovery in the economy may take time to take effect, our consistent strategy and strong values-driven culture mean we are well placed to continue to deliver for customers, colleagues and shareholders.”