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) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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March 28th, 2007 at 3:31 pm
Yeah and if you asked them to lend you a fiver, would they? No!