The verdict from the City: Sainsbury's trading update
By Dean Best | 13 June 2012
The UK's third-largest retailer said today (13 June) it was continuing to perform better than the rest of the market after another increase in underlying quarterly sales. However, shares in Sainsbury's fell after the company's sales missed City forecasts and there are some concerns increased competition from the likes of Tesco could erode the gains the retailer has made in recent months.
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The UK's third-largest retailer said today (13 June) it was continuing to perform better than the rest of the market after another increase in underlying quarterly sales. However, shares in Sainsbury's fell after the company's sales missed City forecasts and there are some concerns increased competition from the likes of Tesco could erode the gains the retailer has made in recent months.
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