United Kingdom Of Sainsbury
THE continuing plans to turn Britain into one giant supermarket were given another boost today when friend of the community Sainsbury’s published healthy new sales figures.
With a number of private equity firms reported to be planning an imminent takeover, the figures which show a 5.9% growth in sales in the 12 weeks to March 24th are sure to have the Sainsbury’s big-wigs dancing in the aisles.
Reuters finger Marks & Spencer as another company currently pondering a takeover bid for Sainsbury’s, who now have around 16.5 of the country’s 125 billion pound grocery market.
The Sainsbury’s group claim the impressive sales results are due to store refurbishments, a growth in the sale of Fair Trade products, a focus on healthy eating not to mention the sale of goods linked to the national “Red Nose” charity day.
Making money out of charity – another reason to love your big supermarket.
Posted: 28th, March 2007 | In: Money Comment (1) | TrackBack | Permalink
